Been watching this now for some period of time .
Considering all the underlying characteristics this seems like a wonderful investment to me for the following reasons as disclosed.
Strong Iron Valley Royalties
Mardie Investment upside.
Recent EBITDA Q3 $20.2m , Q1 - Q3 $37m
40% rebate to MRL now ended so I guess the value saved must end up somewhere !
Low enterprise value of approx $100m
Record Iron Valley royalties
$99m cash ; no debt
Salt & SOP potential growth markets for the Mardie project
Tier1 sustainable, large scale, low cost and long life for the Mardie project
Approx $260m/a EBITDA for 100 years for the Mardie project
Mardie project seems to be moving along now and it would appear that exciting times are ahead.
I suspect that BCI will keep going North as time progresses and the final investment decision for Mardie project quickly approaches in Q2-Q3 as per the last update.
I am looking forward to the ride.
DYOR
BCI Beautiful Compounding Investment
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $641.7M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.3¢ | $1.137M | 5.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66685 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 72408 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |