So the DFS (Definitive Feasibility Study) for the Mardie Salt/SOP project are finally due this month!!!
Hopefully the FID (Final Investment Decision) will follow in Q3, along with updates re funding.
Back to the DFS, this is an extract from the last available public research re BCI -
"However, if the DFS on Mardie,which is underway, is completed on approximately the same terms as the optimisedPFS, we would expect this valuation to increase approximately threefold, toc 30.9% of NPV, or 28.34c per BCI share (ie 1.7x BCI’s current share price) forMardie alone.."
The Edison report was published Jan 2020, so before the impact of COVID-19, however, the share price at the time of publishing was $0.17c.....
I for one would be very happy with a 28c share price by end of June/early July.....!!!!
Interesting times ahead...... finally!!
GLTAH - we deserve it!
BCI Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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