BC Iron released their quarterly production report yesterday and Macquarie retain an outperform rating on the stock
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BC Iron released their quarterly production report yesterday and Macquarie retain an outperform rating on the stock. BCI Outperform - Higher prices offset softer shipments. Headline iron-ore shipments were below our expectations; this was due to one late shipment rather than anything of an operational concern. The low-grade processing trial is ongoing with results expected to be released in the next few months. BCI remains our preferred mid-cap iron-ore names with the company expected to generate its market capitalisation in free cash flow within four years.
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