As I see things, 4 "planets are lining up" to create conditions to push the SP over the magical $4 barrier.
1)Spot IO prices over $156 2)Possible divie ann coming up soon 3)Probable ann of big increase in reserves 4)Clarification on the future of lower grade ore & cost of benefication.
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The potential cash generation of BCI is phenomenal:
It is HIGHLY improbable but just think IF the IO prices remained above $150 for a whole year....
$150 - $50(costs) x 6M tons x 75% = $450 MILLION
More than the entire Market Cap - in ONE year !!
(We all know that the above will never happen but even if we achieve HALF of the $450M - debt free & a big divie is possible!)
BCI Price at posting:
$3.66 Sentiment: Buy Disclosure: Held
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