RE:RE:RE:RE:gordo Love seeing "new names" who have been part of this but in the background for years !!!!
keep the thoughts and posts coming !
this is for real !
Gordo you make a good point current share price is actually lower then after new got denied CRAZY !
Mineral price for copper silver and gold are multiples higher. Prices so high that previously planned "scrap" copper will be mined and processed as it has value"
copper needs are expected to sky rocket with EV market
Life of mine goes from 25 to 31 years.
Weaver calling out unfair practice on parliament floor means people, mining companies and the industry are watching BC and our mine for transparency and fairness.
LBN has better working relationship with govt recent signed agreement.
We are out SAIR and will have an decision either way in 25 or less days based on previous work that was evaluated and concluded the mitigation factors that were planned would work resulting in no adverse events ! (Until BS risk reward theory applied by previous govt)
Denial puts govt at risk for further litigation they lost once but this time with possible damages in th 100 off millions
I see straight approval or approval with minimal conditions that BKM would easily meet.
With NAV value up and all the above ... if BKM was at 14 prior to last countdown to approval ... we should be at 45 dollars NOW or pre approval ... Salmon and others have done share price prediction on this board based on mineral value ect and this realistically could be a 100 to 200 dollar stock ! And we are below 5 dollars ?!?
My guess 75 percent chance straight approval. 20 percent approval with some easy conditions to be met 5 percent approval with more involved condition . Just my opinion not based on any other information then that is public. As I see it if they wanted more conditions why remove the section 17 order ?
Risk reward. Pot odds. Whatever mathematical way u want to look at this it is way under valued just based on the minerals in the ground with a shovel ready project.
In my estimate with potential govt damages with a denial / other potential companies interested in the property, no debt ,... even if we are denied I would say this is still undervalued by 10 dollars !!!
why hasn't share price rocketed to 45 pre approval ? My theory is the small float . Only 20 million shares . Likely the vast majority with insiders and long term shareholders so very small float. Those that know about us already have there shares. Also some skeptical long term shareholders may have taken this small price appreciation to exit part of their position (a mistake IMHO)
But as price continues to appreciate and as volume stays high we are going to attract attention !
GLTA
B3