gekko. They have 9.95 million in cash as per the last quarterly....

gekko. They have 9.95 million in cash as per the last quarterly. facts mate facts. Why dont you have a look how much they raised on the initial IPO offering. Wait I will help you with that. 6 million is what they raised. Why dont you go look how long it lasted them. It lasted them untill they placed 5.4 million shares at $1.70 to raise 9.18 million. So why dont you see what BCI have accomplished.

Let me write it for you.

They have established a maiden high-grade (DSO) JORC resource estimate of 28Mt @ 57.4% Fe

They are targeting a further 25 Mt DSO at 55% – 58% Fe.

They already have plenty of drilling results that were not included in the maiden JORC resource to prove they are well on track to do this. Warrigal Well will be a good sized deposit.

They have established a MoU with Fortescue for rail transport to ship at Port Hedland. <-- I think this is very important even though you believe it means nothing. To have a MOU established with FMG means they are well positioned. I would rather be one of the explorers that has some form of understanding with one of the majors who has the rail.

So you can keep thinking their cash will only last them a few months or weeks. You just amuse me now.