You misunderstood. Let me try to rephrase.
If BHP can sell Daunia for $1-2 billion, the current M&A value of BCB is 2-3x this amount, given its asset base.
In other words: if I was a potential buyer of Daunia (one of the other regional miners now flush with cash), I would rather buy BCB for $1-2 billion than Daunia at that price tag. It would be a better deal for me.
BCB is massively undervalued.
BHP Sale Daunia Met Mine, page-5
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.03M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $72.73K | 5.276M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4325422 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 2765418 | 7 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| BCB (ASX) Chart |