Thursday, November 30, 2017 11:59:15 AM
....In the Open Mineral story,it points out precious metals trading between mines and end-users is a $50 billion market.
Once the LOI goes through,the PRs will come out fast and furious.
This platform,which will save the miners 30-40% in middleman and currency exchange costs,will be in direct competition with Open Mineral,which has just begun,and the LME,which was sold to Hong Kong Exchanges and Clearing for $2.2 billion in 2012,CME group,Dubai and a few others,and now,Martin Abbott,former CEO of LME.
When LME went up for sale,there were a dozen suitors,and eventually was sold for $2.2 billion.
LME still goes by the open call trading floor system and does 90% of global business outside China.
In 2011,LME did $15.4 trillion of business.
Now,for this business to work,a company would have to deliver these goods physically to the end-user.
The question becomes....who will BWC partner up with?When this gets answered in PR,the stock will make its move to $5.00 and up.
Ask yourself how much a business model that deals in a $15-20 trillion/year business and removes 30-40% of the costs of trading between the miners and end-users be worth to billion competitors who will be directly affected by them being around?
BWC will eventually get bought out for $200-300 million is my guess by whatever partner they fall in with.Imo,that partner is already in place.
Just have to follow Dev Randhawa's MO,and that is that he sells everything in the end when the profit potential is highest.
This is why they will need only 49% of Hill Top when the LOI is in place.Hill Top builds the model,RandHawa puts it in place with the partner,then sells it,and Hill Top moves on.
MineCoin is the cash cow.$5-8 is my guess and possibly higher.I won't be surprised to hear both BWC and the partner get taken out by CME in the end.
Read more at http://www.stockhouse.com/companies/bullboard/v.bwc/?postid=27055632#3yPS07Cq6pQemdOB.99
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