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
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $692.2M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.5¢ | $44.67K | 190.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 226206 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 427816 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 226219 | 0.235 |
13 | 592125 | 0.230 |
12 | 438254 | 0.225 |
22 | 758570 | 0.220 |
7 | 375968 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 427816 | 10 |
0.245 | 586416 | 10 |
0.250 | 191422 | 8 |
0.255 | 208430 | 2 |
0.260 | 215535 | 6 |
Last trade - 13.15pm 13/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
23.5¢ | 24.0¢ | 23.5¢ | 19117 | ||
Last updated 12.44pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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