RE:RE:So what happens tomorrow ?PLay,
not sure what you are saying.... or addressing.
majority of shareholder , i would say out of the 20 million or so shares 90 percent are tied to long term investors and insiders of the company who will not be selling at this point until we get permit or take gov't to court.
No doubt with BKM up big last week momentum investors, day traders, and those who follow the mining industry may speculate on news or approval coming and drive this up until there is substantive news.
I expect company to release news tomorrow but not sure it will be permit but maybe something along the lines that mineral rights are ours again, mine lease extended and we are actively under review by ministers.... that is all positive because prior to now we have been in pergatory EAO process with no hopes of seeing daylight under the old gov't.
Government gave the company a choice go for reveiw by the ministers or EAO SAIR process and John and company rightfully chose ministers.
There was no deadline for the ministers to make their decision, however, wtih gold commisioner giving us lease, renewing lease again to July and the First Nation having a meeting to discuss EAO process i think the ministers are actively discussing permit. IMHO it all makes sense.
They may have made a decision or it may come in the coming weeks. Either way the light is at the end of the tunnel and that is why people are buying... they as do i believe permit will be granted maybe this week or in upcoming weeks either way very positive.
3 dollar stock now / with permit ? 25 , 50 , possible 100 plus dollar stock.... the stock will continue to move upward in my estimation pending offical permitting news.
Downside is litte as BKM still has lease and mineral rights. Pressure on Govt to create jobs, mines and generate tax revenue. BKM green mine. carbon neutral. copper all time highs and needed for green enviroment.
If not granted this time around govt sued and for damages. So downside minimal. upside 15 to 50 x your investment. Heck maybe I ll even buy more even though i have been here and sitting on many shars for years.....
Either way, this should be a good week for stock price, investors, and a step in the direction of getting the permit if not the permit itself....
Dare i say permit or not tomorrow things are looking bright for BKM !
thoughts ?
prediction ? price to 5 dollars tomorrow with no permt and news showing we are moving that way.
price with permit 17 dollars close after halt ...
and continued upside as company updates net asset value of mine with todays mineral prices, today's extraction, and new estimate on length of the mine. My guess is that NAV is up some 4 to 5 billion dollars since last assessment 10 years ago due to gold price, copper price and since copper price so high even lower grade copper has value and is worth mining. Technology improved from 10 yrs ago to allow more of the minerals mined.
Think about that NAV up 5 billion thats what 5 billion divided by 20 million shares equal 250 dollars per share. even if we trade at 1/2 nav (some mines trade more then 1x nav) thats 125 dollars a share just in what the mine has gained in value since last assessement.
Wait what ? what was NAV before ? not sure but lets say 10 billion. then what this could be a 375 dollar stock.... oh boy now I must stop because thesee numbers sound crazy...
either way we are sitting on a gold mine....errr copper mine...
phone a friend ... Salmon ... help me with stock price if approved what is our estimated NAV ?
what do mines trade at based on NAV , i have seen some trade 1 x NAV others in past for 1/2 NAV but with copper shortage and need of copper could see BKM trading close to 1x NAV ....
you can tell i have some nervous energy going as I m sure the rest of you do ....
GLTA and good night and to a happy am !!!
B3