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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Mkt cap ! $648.9M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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4 | 51927 | 22.0¢ |
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Price($) | Vol. | No. |
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23.0¢ | 4724 | 3 |
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No. | Vol. | Price($) |
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9 | 168499 | 0.215 |
5 | 206432 | 0.210 |
4 | 296692 | 0.205 |
9 | 134150 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 4724 | 3 |
0.235 | 75099 | 4 |
0.240 | 297439 | 7 |
0.245 | 278916 | 10 |
0.250 | 243800 | 5 |
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