Been watching this now for some period of time .
Considering all the underlying characteristics this seems like a wonderful investment to me for the following reasons as disclosed.
Strong Iron Valley Royalties
Mardie Investment upside.
Recent EBITDA Q3 $20.2m , Q1 - Q3 $37m
40% rebate to MRL now ended so I guess the value saved must end up somewhere !
Low enterprise value of approx $100m
Record Iron Valley royalties
$99m cash ; no debt
Salt & SOP potential growth markets for the Mardie project
Tier1 sustainable, large scale, low cost and long life for the Mardie project
Approx $260m/a EBITDA for 100 years for the Mardie project
Mardie project seems to be moving along now and it would appear that exciting times are ahead.
I suspect that BCI will keep going North as time progresses and the final investment decision for Mardie project quickly approaches in Q2-Q3 as per the last update.
I am looking forward to the ride.
DYOR
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $749.9M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 26.0¢ | $92.11K | 341.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 81321 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 125927 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 81321 | 0.260 |
2 | 44509 | 0.255 |
3 | 40000 | 0.250 |
3 | 20163 | 0.245 |
12 | 394627 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 125927 | 5 |
0.270 | 31668 | 2 |
0.275 | 38708 | 4 |
0.280 | 424213 | 5 |
0.285 | 67170 | 1 |
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