Ann: Quarterly Activities Report and Appendix 4C, page-17

Very excited about BDA's future.

I've been investing heavily in the MC space in AUS, USA and CANADA for the past 4 years and see some good foundations here.

Looking at it objectively though, based on their current and projected revenue, even at this elevated price they are still undervalued IMO!

BDA made$2.2m revenue in their last quarter and are trending upwards quarter on quarter. Which puts them conservatively at $10m revenue per annum. Current market cap is only $50m which puts them at a Price to Earnings ratio of 5which is really low in this space.

Stocks in this space globally COMFORTABLY get traded at a PE ratio of 10/20 + (EG - AGH is currently sitting around a PE of 12 right now).

BDA's current PE is only 5 which is why the buy/sell spread is so wide still.

Still so undervalued…

GLTAH DYOR