BCB 12.1% 2.9¢ bowen coking coal limited

Ann: Trading Halt, page-137

  1. 6,090 Posts.
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    Just value it alongside Stanmore who has similar met product.
    SMR has 13mtpa at 2.3b market cap
    BCB is lucky to get 1mtpa right now with market cap of 318m.
    Should really use EV instead of market cap.
    BCB has a lot more relative debt.
    Unless we're expecting double or triple production in the next six months... This company is over valued by three or more times... Probably only worth 5c in the current environment.
    .
    GLTAH.
 
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