RE:RE:it is a good sellPacific Booker stock is undervalued. If one assigns a 10 % chance that the Environmental Assessment Certificate and that the stock would rise to $ 30 after receiving the EAC , the stock should be selling for at least $ 3 per share. This $ 3 per share does not include any value received from the Government under a possible lawsuit if the EAC is denied.
If one uses a $ 70 per share value shortly after receiving the EAC, and still assigns a 10 % chance of approval, Pacific Booker should be trading at $ 7 per share.
If the Government thought that a mine should not be built because of possible damage to salmon stocks, I think they would have issued the decision to reject by now. So I am optimistic that we have a much higher chance of receiving an EAC and that this stock is grossly undervalued.