RE:RE:Good NewsPersonally, I would be a little more conservative on the NPV. I am not saying Salmon is incorrect in his valuation of 4 billion NPV. But I would use the 2 billion NPV which still puts the share value at $100/share with all the permits in place.I am sure management have been doing significant internal updates on the value of the mine but it's interesting they are not publishing them. My guess is they just don't want to draw attention to this stock and create a big run up in value prior to permit granting. It would bring unneeded attention from the securities commission. A little more public commenting by management would certainly be appreciated by all of us shareholders but clearly management and the board want to keep BKM below the radar til permitting in place. There certainly is no pumping of this stock. I'll give them the benefit of the doubt on this one.
Salmon thought we have a 75% chance of success in gaining the permit. I was at 60/40 prior to reading all the most recent reports and Agreements but after mulling it over am now pretty optimistic that Booker will get approval. I'm guessing 80/20.... But what do I really know??
In terms of timing of the Ministers decision, if I read the last press release right, the Minister has up to 45 days from receipt of the referral info package with cover memo from EAO to make his decision. I assume that package should be delivered any day now. Then the clock starts ticking. If any one thinks I misinterpreted this timing issue, feel free to set me straight.