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Pacific Booker Minerals Inc V.BKM

Alternate Symbol(s):  PBMLF

Pacific Booker Minerals Inc. is a Canadian natural resource exploration company. The Company’s principal business activity is the exploration of its mineral property interests, with its principal mineral property interests located in Canada. The Company is in the advanced stage of exploration of the Morrison deposit, a porphyry copper/gold/molybdenum ore body, located approximately 35 kilometers (km) north of Granisle, BC and situated within the Babine Lake Porphyry Copper Belt. It has a 100% interest in certain mineral claims located contiguous to the Morrison claims. The Company is proposing an open-pit mining and milling operation for the production of copper/gold/silver concentrate and molybdenum concentrate. It is located within 29 km of two former producing copper mines, Bell and Granisle. The Company is in the design stage of the exploration and evaluation of the Morrison property.


TSXV:BKM - Post by User

Comment by $500,000Salmonon Oct 13, 2021 5:18pm
501 Views
Post# 34002971

RE:BKM mine valuation

RE:BKM mine valuation 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 ... recovery 90%
Gold $1793 ounce ... recovery 74%
Silver $23.09 ounce ... recovery 74%
Moly $19 pound ... recovery 50%

Note that this "working model" to find NPV is over 10 years old and so there will be some significant adjustments. For example:
...Cost will likely be higher for equipment and wages etc., as they rarely go down

... The amount of copper will likely go up because at these prices ($4+) , even the low grade will become profitable

To get the value per share, simply divide the NPV by the number of shares, which is approximately 20 million  NOTE: this valuation is assuming a permitted functioning mine

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.






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