I noticed that the BCK market cap is now $580.8m. As has been pointed out many times in these threads the BCK Marillana resource is very similar to that of PIOP. The main difference between BCK and FMS is that BCK have entered a FJV with MRL to mine the ore and get it to port. The rail distance or BCK is about 320km compared to about 165km for PIOP if they were to use BBIG as a supply chain solution. BCK doesn’t yet have a rail corridor or rail approval and plans just a 30mtpa operation. FMS major shareholder has rail and conveyor approval from Balla Balla to our PIOP. The planned operation is 45mtpa. All it needs is an agreement which ought to be straight forward given the common directors of both BBIG and FMS. With such an agreement what would FMS be worth. It could be argued that it would be worth far more than BCK given the advanced approvals. If it was worth the same as BCK then your shares would be 16.67 cents each (and that is without a TO premium!).
BCK has low trading volumes and still sees merit in being a listed company. BCK were able to secure a supply chain solution despite being a listed company. Would funding be far more easily achieved for both BBIG and FMS with a supply agreement in place? Wouldn’t the value of your shares be worth a whole lot more too? Now that’s why we should continue to fight the de-listing of FMS. Let’s not lose sight of the value of our shares.
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I noticed that the BCK market cap is now $580.8m. As has been...
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Last
82.5¢ |
Change
0.043(5.43%) |
Mkt cap ! $164.8M |
Open | High | Low | Value | Volume |
82.5¢ | 82.5¢ | 82.5¢ | $1.592K | 1.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 2100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
1 | 1493 | 0.670 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 2100 | 1 |
0.885 | 4999 | 1 |
0.890 | 9868 | 2 |
0.910 | 20000 | 1 |
0.950 | 915 | 1 |
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