You may well be right and yes mine life is an issue. But divide the Market Cap. by the annual profit when things are fully operational and you get a situation of a free ride for some years.
And you are in business with FMG but that is complicated!
I do believe that BCI is a strong buy right now if not a take over target.
glencore, xstrata and iron ore?, page-3
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Last
25.5¢ |
Change
0.010(4.08%) |
Mkt cap ! $735.5M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.0¢ | $77.96K | 310.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42598 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 323604 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |