RE:RE:RE:LBN - Morrison Mine proposalUptownDog, you know that thewre are only 20 million shares fully diluted.
$40 - $50 per share implies a valuation of only $800 million to $1 billion.
The NPV or Net Present Value using the 2010 working model show approx a $3 to $4 billion NPV with a 5% return.
And this does not include the 500 million to a billion extra pounds of copper because of high ore prices. This is an extra $2 billion to $5 billion in revenue before expenses.
SO YES, $40 to $50 is very reasonable, maybe even too conservative.
When the permit finally is issued, my guess is that a number of mining companies will enter the bidding.
To get through medical school I worked as an auctioneer and learned a basic truth. To get fair value, you need at least 2 parties bidding. Due to the upcoming shortage of copper, I expect multiple buyers to show up.