3.3 correct sorry just rounded up to 4, but still this plays into the recovery. MEI resource is still significantly more economically viable vs BCM.
BCM has to process at best 3 times more clay/earth to extract the REs. I'll agree the overall resource is larger but it's less profitable to mine hence a much lower MC.
Pretty sure MEI is also predominantly clay and the super high grades/potential rock are excluded from the resource estimate. MEI like BCM has potential to increase the resource further.
I still think BCM has potential upside, but the grades are definitely inferior to MEI however you compare them.
There is a reason MEI has a MC of $440M - $1B depending how you value it. It's a freak/unicorn resource.
Now, even with our differing views I think BCM has a potential upside to hit $100M - $133M MC at current RE prices. Definitely a multi-bagger for a 5x or 6x return once the market takes notice/more announcements drop.
GLTAH
Ann: Massive Maiden Mineral Resource for Ema Project, page-47
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $14.41M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.1¢ | $224.7K | 18.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4165168 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 566000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| BCM (ASX) Chart |