Been watching this now for some period of time .
Considering all the underlying characteristics this seems like a wonderful investment to me for the following reasons as disclosed.
Strong Iron Valley Royalties
Mardie Investment upside.
Recent EBITDA Q3 $20.2m , Q1 - Q3 $37m
40% rebate to MRL now ended so I guess the value saved must end up somewhere !
Low enterprise value of approx $100m
Record Iron Valley royalties
$99m cash ; no debt
Salt & SOP potential growth markets for the Mardie project
Tier1 sustainable, large scale, low cost and long life for the Mardie project
Approx $260m/a EBITDA for 100 years for the Mardie project
Mardie project seems to be moving along now and it would appear that exciting times are ahead.
I suspect that BCI will keep going North as time progresses and the final investment decision for Mardie project quickly approaches in Q2-Q3 as per the last update.
I am looking forward to the ride.
DYOR
BCI Beautiful Compounding Investment
Add BCI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $648.9M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $42.65K | 185.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 641765 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 16186 | 1 |
View Market Depth
| Last trade - 15.44pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.8¢ |
Change
-0.010 ( 2.07 %) |
||||
| Open | High | Low | Volume | ||
| 22.5¢ | 23.5¢ | 22.5¢ | 169198 | ||
| Last updated 14.58pm 24/05/2024 ? | |||||
| BCI (ASX) Chart |