Agree volatility is what presents the opportunity. BC8 is well positioned to take advantage of the uptick in the gold price with the mine restart. I suspect larger cap producers will be taking note of BC8. In my view it trades at a material discount to the average of mine life NPV and infrastructure set up costs. Makes sense as a takeover. Irrespective of this management have executed on buying an asset at cents to the $ value today. The near term looks very bright and should support a meaningful re-rate to represent fundamental value. 70c - 80c is conceivable in 6 months time.
Agree volatility is what presents the opportunity. BC8 is well...
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Last
26.0¢ |
Change
-0.005(1.89%) |
Mkt cap ! $80.22M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.0¢ | $68.25K | 261.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 223696 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
-0.005 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 26.5¢ | 26.5¢ | 26.0¢ | 41993 | ||
| Last updated 14.47pm 03/05/2024 ? | |||||
| BC8 (ASX) Chart |