Close to 50M traded yesterday and they still sold it back under 3.7c ! Very suspicious
They were worth $60M at 7c with $17M debt !
Now debt free, received $10M funding and working on funding larger BBM project ...
Capped at just $22M
If they just sold 2.5Mt of PCI at a $20M valuation, what is their 20Mt (10 years mine life @ 2Mtpa) of HCC worth ? $200M valuation ?
Market is absolutely sleeping on this. The reserve statement due out next week should bring in insto buying as its bankable and will reveal BBM financials
