BCI 0.00% 24.5¢ bci minerals limited

Buckland Project, page-21

  1. 3 Posts.
    Ruthless sell off here, near 52 week low with a market cap now of $49m. Cash was $32m at Dec and they were expecting cashflow from the Iron Valley royalty, so with the expenditure on Carnegie say that nets off, we are looking at EV of $17m.

    The market is saying that Buckland is worthless and will never be built and doesn't care for Carnegie atm, so we could drop further towards maybe 8 cents if this gets awful.

    A good one to put in the bottom draw I think, management seem strong and have solid backing, just right now its value is being totally broken, wow.
 
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