BCI holders..have you seen the recent Atlas Ironore Presentation? I know all about the BCI and AGO comparison but thought I should post this comparison up for some who aren't aware of the cheap value currently being placed on BCI. See below for AGO's current direct shipping ore resource.
"DSO resources continue to grow, currently 23 Mt targeting 60-80Mt"
AGO's market cap is at 550 million fully diluted whereas Bcirons is 160 million fully diluted. hmm doesnt make sense does it? :)
AGO do have a magnetite resource..but hey thats going to take ages to come into production with that and there is no way their 853Mt Magnetite Project is the reason for a market cap of 400 million in excess of BCI's. This a deadset buy. BCI are initially target 35-75 mt DSO. In their first resource estimate for March 08 I have a strong feeling they will have more DSO mapped out than AGO.
Just watch for the re-rating when BCI do release their resource. Investors want the resource secured. Pfft..give me a break..BCI will definately have the resource.. just look at their past and latest drilling results.
peer comparison and valuation for bci, page-8
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.5¢ | $88.60K | 349.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19675 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 249587 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |