What a day across the MM sector. Rough calculations below though still early days:
Well CAN after today is ~$460m market capitalisation fully diluted
and AC8 after today is ~$290m market capitalisation fully diluted
and CPH after today is ~$140m market capitalisation fully diluted
Though both CAN AC8 and CPH in particular are more mature and have larger project scale. BDA is only $34m market capitalisation fully diluted and generating sales.
I would think if management steer BDA forward aggressively and strategically into a global market to average ASX MM peer valuations of around $250m by the end of this year.
This would equate to a price of $4.50 for BDA. Lots to look forward to and now in a validated approved sector which should see significant money flow into the sector
