BCI 0.00% 24.5¢ bci minerals limited

Got to love the parts:"DSO Mineral Resource Estimate of 55Mt...

  1. 1,097 Posts.
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    Got to love the parts:

    "DSO Mineral Resource Estimate of 55Mt grading 57.0% Fe (64.7% CaFe)"

    and

    "....there is an abundance of lower grade material, between 50% Fe and 55% Fe, which may be amenable to simple beneficiation...."

    You don't have to be a rocket scientist to realise that in the end, BCI's mine life will probably be at least 20 years!

    I don't know why they are bothering with all this M&A nonsense - if they want to start up a new mine, why don't they just float a new company?
 
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