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.
They will reopen the mine when IO hits $48 - 50 USD.. I expect...
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $996.1M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 34.5¢ | $39.19K | 112.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12688 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 434251 | 8 |
View Market Depth
| Last trade - 10.20am 04/07/2025 (20 minute delay) ? |
| BCI (ASX) Chart |