You misunderstood. Let me try to rephrase.
If BHP can sell Daunia for $1-2 billion, the current M&A value of BCB is 2-3x this amount, given its asset base.
In other words: if I was a potential buyer of Daunia (one of the other regional miners now flush with cash), I would rather buy BCB for $1-2 billion than Daunia at that price tag. It would be a better deal for me.
BCB is massively undervalued.
BHP Sale Daunia Met Mine, page-5
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Last
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Mkt cap ! $170.8M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.1¢ | 6.0¢ | $228.4K | 3.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 824158 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 20864 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.2¢ | 6.0¢ | 1012273 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| BCB (ASX) Chart |
