BCI 1.89% 27.0¢ bci minerals limited

The lack of volume / SP movement could be due to the "It's too...

  1. 1,097 Posts.
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    The lack of volume / SP movement could be due to the "It's too good to be true" resistance.

    But if you are not planning to sell, it doesn't matter what the SP is - as long as the profits come in.

    Looking at an ULTRA conservative very simplified back of envelope calculation:

    5M tons x $80 x 50% = $200m

    ($80 is $120 less $40 cost)

    And here I am hoping that the SP drops to $2.00.....

    ....bearing in mind that $200m split over 100m shares means $2.00 per share - it IS too good to be true !!

    __________

    As I said before, VERY basic calculations but you get the picture.
 
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