BCI 6.67% 24.0¢ bci minerals limited

You’re right but whilst our costs have gone up and SOP looks a...

  1. 1,108 Posts.
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    You’re right but whilst our costs have gone up and SOP looks a step too far today ( something for tomorrow imo) , the price of salt has gone up and demand continues to grow.

    Aus Super bought in big in the 40s and continues to top up; they see the long term dividends and aren’t going to walk away anytime soon. That’s a good thing imo. Yes dilution but certainty that we will make it to production. That’s a good thing don’t you think. We just have to wait.

    Also we can top up at anytime if we want to hedge against dilution.

    Roll on 2024/25. As we see progress, we should see appreciation of SP, albeit it will be small.
 
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