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.
____
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!)
As I see things, 4 "planets are lining up" to create conditions...
Add BCI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $861.7K | 3.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 117457 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 50173 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |