BC8 4.58% 68.5¢ black cat syndicate limited

It is crystal clear that the market remains clueless. Not the...

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  1. 6,851 Posts.
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    It is crystal clear that the market remains clueless. Not the first time it often misses obvious growth companies. I bet anyone that the surrounding mills wont miss this down the track. Not many smaller emerging high grade explorers hitting this sort of game so close to the producers. We have seen several M&A plays hitting airwaves and BC8 seems like a very obvious target as this develops. Market cap of approx $12m makes this a standout. The cats now have 17km of strike and yet another new potential lode running alongside of the boundary deposit. This is just simply going to keep growing and turn into a very decent mine imo. Day to day share price moves dont even come into the picture. The existing resource already justifies a share price of more than twice the current level without an of the obvious growing resource base being added. I reckon 400k oz plus this year is very possible in this area and you guys can see how quickly they can add ounces. The company was trading at twice this price before a hole was drilled and now with 109,000oz and growing, it is only half the IPO price. This indicates, the market is dead wrong to me and hence the opportunity. dyor
 
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Last
68.5¢
Change
0.030(4.58%)
Mkt cap ! $161.9M
Open High Low Value Volume
64.0¢ 70.5¢ 62.0¢ $3.786M 5.743M

Buyers (Bids)

No. Vol. Price($)
2 11823 68.0¢
 

Sellers (Offers)

Price($) Vol. No.
68.5¢ 135873 1
View Market Depth
Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
BC8 (ASX) Chart
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