divi hunters moving in?#, page-3

The latest Bell Potter report on BC Iron was recently released. I can't post it in it's entirety I'm afraid due to copyright.

However, hopefully I'm able to post this little bit without getting into too much trouble.

Credit to analysts Fred Truong and Stuart Howe, and also John Gleeson at Bell Potter, also known as Bell Direct.

Please TOU this post if anyone feels it breeches copyright.

As follows:

Investment thesis – Buy retained, TP$4.00/sh

Our FY13 underlying earnings estimates have increased by 6% to $72m and we increase our TP to $4.00/sh. We rate BCI as our top pick in the junior iron ore space. With minimal CAPEX to be spent going forward and cash costs in the bottom half of the cost curve, we see BCI generating substantial free cash flow over the short- to medium-term which will likely be return to shareholders via HIGHER DIVIDENDS (my emphasis).