BCI are to ramp up production in the next few months. Their costs for extraction USD43PMT are similar to RHM. Output is similar to that suggested by RHM being 50% of 3MT then rampimg up to 50% of 5MT ie net 1.5 - 2.5PMT. They do have FMG as a partner which is a huge plus. But their market cap is AUD175M - whats that 10x that of RHM ??
They will get the 'super profits' being in production when the IO price is well in excess of USD100PMT however a good comparison of what we might expect if all goes according to plan.
Spozzie
RHM Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held