BCI 5.08% 28.0¢ bci minerals limited

IO near $140 a tonne US which is a far sight away from the...

  1. 389 Posts.
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    IO near $140 a tonne US which is a far sight away from the September lows of sub 90 anyone that was short on IO from the got a very rude shock the soaring price has gone up over 50% in 4 months and alot of IOplayers have come up also FMG up 55% RIO up 33% BCI up 55% AGO up 46%. But surely its due for a rest here or pull back of somesort to consolidate those gains. I recall that BCI is fine (along with most others) as long as IO is above $100 and BCI is one of the lowest cost producers
    can anyone extrapolate on this?



    http://www.theaustralian.com.au/business/mining-energy/iron-ore-still-rising-after-a-stellar-run/story-e6frg9df-1226544793363
 
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