BCI 6.56% 32.5¢ bci minerals limited

Production costs > $80?

  1. 1,094 Posts.
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    Even though I'm not holding any BCI,  I still follow faithfully.

    I saw a report on news.com.au that grouped BCI with Atlas & Arrium as miners whose cost is higher than $80

    http://www.news.com.au/finance/busi...s-tipped-to-fall/story-e6frfkur-1227069064543

    I always thought BCI's cost was around the $50/$60 - have I missed something?

    News.com.au also hinted that FMG might hit troubled waters with their costs estimated to be around $77.

    If Twiggy is desperate for cash, he might just offer BCI the last 25%.

    Under the circumstances, I was thinking that it might be better for BCI to pass on the offer and rather hold onto its cash for the predicted 5 lean years ahead.

    I have been thinking of buying back in since $2.50 but the more I put it off, the more I am rewarded - a vicious circle but sooner or later I hope to be able to change my status to "Hold" and join the BCI family again )
 
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Last trade - 15.40pm 09/03/2021 (20 minute delay) ?
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