Cheers tokyo. Comparing these two is a great lesson. Bci is...

Cheers tokyo.

Comparing these two is a great lesson.

Bci is recovering and evolving, and has commenced a diversification strategy to safeguard themselves a future, all the while hoping the io price increases to a point where their main io potential, Buckland Hills (av 58.5% fe & adjoining the planned WPIOP), can get underway. They are certainly a longer term play than Mgx currently, but have great people running the show now and Kerry Stokes as the +25% major holder and supporter, so their longterm future SHOULD be secure.

I'm sure they wish they had Mgx's cash pile. I know Mgx cops a fair bit of flack from posters re their lack of a divy (ie, returning cash to holders), but it has certainly provided the company with a security blanket during difficult times and gives them a stack of options.

The lesson - CASH IS KING.

I'm sure once KI starts shipping their high grade ore and we are earning well above the posted 62% fe price, holders will all be smiling and the divies will be flowing. With china's increasing focus on high grade ore, KI was always going to be Mgx's main focus - the cash pile has enabled them to execute this strategy, and STILL allow Mgx the luxury of both investment & capital m'ment options.

A great position to be in, and one in which we should attribute to the board and m'ment of Mgx.