Well, thanks for the clarification. I was studying for the MCTS exam using 'The Real MCTS SQL Server 2008 Exam 70-432 Prep Kit: Database Implementation and Maintenance' by Mark Horninger (2009) which stated it clear as mud:
The Bulk-Logged recovery model is similar to Full recovery model, except that nonlogged operations are performed as nonlogged. This provides a performance advantage for Bulk-Logged operations. However, if a Bulk-Logged operation has occurred since the last full backup, you will not be able to recover any changes made since the last full backup. The Bulk-Logged recovery model does not support point-in-time recovery.