BCI 1.96% 25.0¢ bci minerals limited

I forgot to say that BCI now has over $1 in cash per share. So...

  1. 1,569 Posts.
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    I forgot to say that BCI now has over $1 in cash per share. So at a share price of $2.46, $1.46 of that is on the prospect of future earnings. BCI will need to make another $153M (NPAT) to have more cash on hand than it's present market cap. Provided GFC2 doesn't come along, that could be done by this time next year. However I'd say BCI will use it's mountain of cash to by some small cap bargains and expand the company.

    Also a dividend expected shortly, my hunch is 6 to 10 cents, and then another one in 6 months at around 8 to 14 cents. Although anything could happen in 6 months obviously.
 
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