Pacific Booker Minerals Inc V.BKM

BKM mine valuation

[BKMforthewin]

Hello, could I please ask someone to provide coles notes version of the mine valuation based on the current gold, copper, moly, etc... 
Thanks in advance, as I am not very good at math

Good luck to all BKM holders... it is very close IMO

[$500,000Salmon]

Here you go Net Present Value or NPV With a 5% return it is $3.7 billion approx. With a 4% return it is $4.2 billion approx. With a 3% return it is $4.7 billion approx. https://www.admis.com/services/futures-and-option-quotes/?bcpage=default today's ore prices are from admis.com and probable recovery rates are what I recall hearing several btimes over the years Copper $4.49 pound

[uptowndog1]

If we use a $4 billion valuation, then with 20 million shares, it means shares would be worth $200 each. .... that is only 80 or 90 times the current price of the shares!   Do I think I will see $200 per share? IMO no, however I think $40 or $50 is certainly within reach once we get the permit. So if we get EAC and you figure anywhere from $40 to $50 a share, Do you have a number for

[$500,000Salmon]

UpTown Dog there are a lot of variables as well as exit options. One area I trust John to do a good job in is to sell. He is always selling. Once we get the permit I think we will have a number of interested parties and hopefully a bidding war occurs. The price of copper may go up or down short-term, however long-term my opinion is that there will be a shortage of supply and he price will go

[uptowndog1]

Yes John can sell, Back just before our Libtard  turn down , we had people looking at buying BKM, I'm sure they are still there . My self after waiting 10 years now don't  really care about building a mine, Sell this as soon as possible   , If we get EAC, and this person they hired to build mine, and $$$$$$$$$$$$$$$$$ to build. next shi$t we get will be dilution. Salmon

[$500,000Salmon]

My guess is that we should raise capital by selling shares, which of course leads to dilution in order to build the mine, ONLY if we do not get a good offer. That said, I believe that this is a very good time to be holding a copper asset and so I do not anticipate it being difficult to find interested parties. Many mining companies are flush with cash at this time simply because the price of

[uptowndog1]

Thanks Salmon

[$500,000Salmon]

I should mention that my understanding is that the approx 3 million stock options for the management expired this summer and were replaced/reissued at $3. This adds up to approx. $9 million. Plus they reported cash/working capital of $1.3 million in the July 31st 2021 financial statement. https://pacificbooker.com/pdf/20210731.pdf Thus, the approx $10 million needed for the detailed engineering

[dano123]

So what is the total shares with stock options sitting at now?

[$500,000Salmon]

20 to 21 million shares Weighted average number of common shares outstanding (basic and diluted) 16,766,969 officers stock options I believe are just under 3 million ... 2.875,000 (2,975,000 - 100,000) from the July 31 financials see page 23   https://pacificbooker.com/pdf/20210731.pdf I remember that they also have to give 500,000 to 1 million? shares to Noranda when they bought the

[dano123]

Thanx so much Salmon your work to ge information out on your post is appreciated and I hope to meet you some day. Take care. Dan

[$500,000Salmon]

I just checked and see that Noranda will receive 250,000 shares when mine production starts. 16,766,969 + 2,875,000 + 250,000 = 19,891,969 total shares  Therefore from what I can tell we are just under 20 million shares Company News Releases... April 19, 2004 Purchase of Morrison Property Pacific Booker Minerals Inc. has signed a purchase agreement with Noranda Inc. for the