You may well be right and yes mine life is an issue. But divide the Market Cap. by the annual profit when things are fully operational and you get a situation of a free ride for some years.
And you are in business with FMG but that is complicated!
I do believe that BCI is a strong buy right now if not a take over target.
glencore, xstrata and iron ore?, page-3
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $692.3M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 24.0¢ | $26.15K | 108.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 409094 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 45000 | 1 |
View Market Depth
| Last trade - 15.39pm 09/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |