Chelks, you brought up an income stream that I had not thought...

Chelks, you brought up an income stream that I had not thought of - Interest on the $100M in the bank !!

That alone could be around $6M (6c per share)....

I am guessing a dividend of around 15c is more likely :-)

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I am very comfortable with owning BCI shares. But as its Friday night and I have a couple of glasses of cheap port under the belt - lets look at the very very worst case scenario:

The Euro & US$ dollar collapse and the world is thrown into recession, iron ore drops to $50 and BCI drops production to 1M tons/year, just to cover costs.

We STILL have $100M in the bank earning us the same interest as if we had put our cash into the bank.....


.....and if the "sky doesn't fall" in the next year, we could have $200M+ in the bank earning us interest.


Is your money better off in the bank or in BCI shares?