RE:Value if approved Hi Believe 3, here are numbers from the working model used by BKM.... more optimistic, yet realistic I believe. $135 to $170 per share. Plus possible damages from BC Gov and with a little luch a premium from a purchaser of BKM
There are 16.8 million shares now and approx 20 million when fully diluted
mineral prices from www.admis.com
Copper $3.28
Gold $1871
Silver $24.31
With a 77 cent dollar
copper recovery 90%
gold and silver recovery of 75%
moly recovery 50%
a cap rate of 5% has a Net Present Value or NPV of $2.7 billion
a cap rate of 3% has a Net Present Value or NPV of $3.4 billion
Note that prior to covid mining companies were being bought at a premium of up to 40% and so the value could be even higher
5% cap rate of $2.7 billion / 20 million shares = $135/share
3% cap rate of $3.4 billion /20 million shares = $170/share
Note there are a few other variables that I do not know how to update. For example: building costs, processing costs, fuel costs etc.