News: BDA BOD Australia secures binding letter of intent with a Swiss manufacturer, page-101

Just curious on others thoughts. To me this seems very cheap compared to say MXC, who has a MC of 90mill while BDA is just 10mill. Not totally across MXC others might know more but they seem to be similar set up. If you take off the 4 mill in the bank pretty much the EV is 6mill. Seen companies with a lot less going on valued way higher. Plans to be selling the cosmetic product H1Y18 a lot will happen quickly.
I see a MC of 40mill here now and a lot higher as we come into next year.
I don't hold..... Yet