A lot will depend on the $A. Volume should remain steady up to nameplate capacity of 6M (+) tonnes pa (BCI 4.5 MT for 75% of the JV) and HengHou from memory have off take rights to 20M t over 8 years. The balance of ore I understand is sold into the spot market at, presumably, a premium to the HengHou off take price. This is surely around 2M t.
FMG do the marketing for the JV.
If the $A drops it should be a real kicker with the only exception being that our (modest) debt is priced in $US, as a fellow poster here so keenly advised. My take on this is that the debt could be paid down faster than anticipated freeing up future cash flows for dividends and M & A.
I hope Chelkn follows this up with Some wisdom. Over to you.
- Forums
- ASX - By Stock
- iron ore sales
A lot will depend on the $A. Volume should remain steady up to...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCI (ASX) to my watchlist
|
|||||
Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $735.5M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 25.0¢ | $91.11K | 354.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 200997 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 185944 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 200997 | 0.255 |
5 | 288605 | 0.250 |
4 | 28075 | 0.245 |
3 | 131666 | 0.240 |
10 | 193943 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 185944 | 4 |
0.265 | 196000 | 4 |
0.270 | 50000 | 1 |
0.275 | 19000 | 2 |
0.280 | 55000 | 2 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
BCI (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online