Doctor - Capex for buckland - $744M. It isnt a wildcard - its a known impost that has to be considered in the SP.
I dont accept that BCI is doing this deal just to get the Iron Valley royalty stream - which I doubt will equate to more than $10m a year - so they will take on the capex.
That is why the total BCI dividend will be reduced - even though payout ratio remains same.
i tried to paste a 5yr chart of iron ore pures so you can see what i mean about different performance characteristics.
\system wouldnt accept it so suggest you run FMG, BCI, IOH, MGX and AGO on 5 yr comp to see what I was referring to, if you are interested.
IOH Price at posting:
$1.32 Sentiment: None Disclosure: Not Held
BCI Price at posting:
$3.03 Sentiment: Sell Disclosure: Not Held
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