Where as Bc8 has the preferred sulphide ore at Myhree with a 99% recovery rate and grade around 3.6g/t. People fall in love with stocks like DEG thinking scale solves everything. It can actually be a problem in many ways. They can take years of share dilution to develop. Not Bc8. It’s the exact opposite with a speedy low cost development path. Bc8 already has the management, resource, access to funds, good share structure, grade, location, approvals, high recovery rates and exploration upside. They just raised $10m within hours for these sorts of reasons. The old box ticking wins again.
I’ll take this stock over a huge majority of these other ones. I mentioned before that there was an elastic band effect coming for Bc8. It was way undervalued for a long time and kept delivering. That situation becomes a coiled spring and it let go to a dollar. Once markets finally work things out, you can get all the money you need to develop your project. This placement is awesome for us in many ways. $13m cash gets us a whole lot of bang with these guys. The Cats are a buy the dip stock imo. Mr Market is the only wild card as it is in everything. Good luck.
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Last
38.3¢ |
Change
-0.003(0.65%) |
Mkt cap ! $169.6M |
Open | High | Low | Value | Volume |
38.0¢ | 38.8¢ | 38.0¢ | $287.5K | 750.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 275000 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 39621 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 275000 | 0.380 |
6 | 141799 | 0.375 |
6 | 184027 | 0.370 |
6 | 143160 | 0.365 |
8 | 166731 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 39621 | 1 |
0.390 | 206726 | 4 |
0.395 | 141032 | 4 |
0.400 | 133541 | 4 |
0.410 | 373200 | 7 |
Last trade - 12.27pm 17/09/2024 (20 minute delay) ? |
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BC8 (ASX) Chart |