Investor Exclusive Event: TMH Agenda Series – “The Biggest threat to Australian Iron Ore”, page-2

What’s this article got to do with BCI? How many tonnes of iron ore has Joe Phillips ever produced and what’s his Mining experience and background?

BCI is painted as an iron ore stock. It’s not. BCI receive a small royalty from iron ore exported by a third party. Great income for the time being but will become insignificant as the Mardie Project proceeds to production.

The problem with BCI is that it’s market cap only reflects its iron ore royalty situation. The Mardie Project, notwithstanding the $40odd million recently raised for the Mardie Project, is still NOT reflected in the share price in my view.

BCI could sell its iron ore assets (IV and current and future royalty) for more than its current market cap in my view.

That problem is a great one for shareholders to have because there will be a massive revaluation of the company as ACCESS, environmental, tenure and financial approvals for Mardie roll out.