For what its worth, @Beardy.....I'll throw in my two bobs worth....
It's not crazy. Simply, BCI don't currently have a 'Tier 1' asset - they have a "potential" Tier 1 asset.
A big difference between the two..... And therein lies the reason for the current market cap.
You, @tcf and @SuperWealthy all make valid points around BCI's 'potential' future, but there is still a lot of salt water to flow over Mardie before they get it up and running.
There are a stack of companies on the ASX in exactly the same position, across a whole range of commodities and industries.....
Investing - it's fun, hey.....!!
March 2019 Quarterly Update - YouTube, page-13
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Last
29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $850.9M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 29.0¢ | $127.2K | 431.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 267176 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 140117 | 5 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| BCI (ASX) Chart |