Good post orewealth.
With BCI trading at 1.3x EV/EBITDA, it could be a three bagger on re-rating alone. Once it has a path to market for Bucklands (likely to be using contractors money to build and construct - most likely Mineral Resources), it could unlock a huge share price rally (potential Disallowed), with as you point out, patience the key. Note Kerry Stokes supported the raise, something is bound to happen at some point.
For someone who eats nuts, BCI owns an operating mine to which it gets a royalty, with a +15 yr mine life. Not a bad position to be in. Net cash was $32m at September, so half its market cap is in cash.
IO Fundamentals Strong, page-188
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.8¢ | $10.21K | 42.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36666 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 55733 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |