RE:RE:RE:Lift off Friday or Monday ... YEE HAW!!!sammy, I was not rite, but I still am here after
You can think of it this way.
John has said that they are going to update everything once we get the permit, as technology has improved in the last dozen years. I understand that high-pressure grinding is an example. When they update the engineering and feasibility, then I would think that the "working model" will also be updated. The working model is a tool that enables one to input various ore prices, expenses, recovery rates etc and get a NPV or net present value.
I have been using the old working model, which doesn't include the low grade ore that is now profitable due to higher mineral prices. Even in this old working model, it shows an NPV of approx $4 billion with a 5% rate of return. That is $200 per share with 20 million shares.
The NPV IMO should go up significantly, as I understand that there is potentially going to be 400 million extra pounds of copper, which would be more than $2 billion in revenue.
Even if we use the $200 per hare of $4 billion valuation, wouldn't you as an investor happily pay $20 or $30 or $40 per share? I know I would. I would invest with the expectation that a major would buy BKM in the not too distant future because it would be a permitted shovel ready m