RE: RE: permits$1 billion in the ground may be what it's worth at todays market prices in the ground however a company making a buyout offer will pay 10 to 30% depending on what has to be done to take into production. The bonus here is that if, and that is a big if, BKM gets the go ahead to proceed to final permits we could be looking at the higher % buyout. Also, if there are competing bids it could drive it another 5 to 10 % points up. That being said a $250 to $350 million buyout would be expected. I'm personally looking for something between $20 and $25 per share and will be very happy for anything above that.
Thanks Gord for letting us know about the permit application. Have they, that being the enviromental branch of the Gov, reopened the permiting process or was this just another meeting to see what is still missing from their enviromental report?
No news release so I'm assuming that it's the latter!