Chelks,
Back in 2010 I criticised the Company for giving away too much to FMG to gain rail & port access.
In hindsight, that was a foolish comment.
If BCI had not done the deal it would be like any number of Pilbara wannabees still looking longingly at the horizon for a wealthy financier and diesel smoke.
While others are still dreaming, BCI has powered ahead.
It's the simplicity of the business model that makes BCI so attractive.
Capex was minimised, thus finance was easier to obtain.
All production is contracted, so costs are easily determined and easily controlled.
However, a “make it happen” attitude has been the biggest plus.
All up, a terrific result.
Congratulations to Mike and the Board.
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