They will reopen the mine when IO hits $48 - 50 USD..
I expect this to happen in March. If BCI is still trading at this range when IO price is $50 i suggest you guys top up.
They will have $6USD ($8AUD) spread (cost increase due to the contract hedging).. On 5mtpa of IO they will rack in 40mil AUD per year. On a market cap of $15mil your return is close to 300% pa.
IO price on increase, page-2
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $692.2M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.0¢ | $481.6K | 1.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 838717 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 54124 | 4 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |