RE:RE:close to $4 BILLION NPV with a 5% rate of returnMy guess is that we will get at least $200 per share when the mine is sold.
As soon as BKM gets the permit, I understand that they will update the working model expenses and include the added revenue from low grade ore.
From everything I read, there seems to be a premium paid for mines at this time, not a discount.
Plus there are several large mining companies with a lot of $$$ in the bank at this time, as a result of high mineral prices the last couple of years .... they have the desire to buy and have the ability to pay
Keep in mind that in Canadian dollars, the 1.4 billion pounds of copper is worth almost $3 billion more today than in 2012.
2012 copper was $2.75 in 2012 and is $4.42 today
1.4 billion pounds x $1.67 ($4.42 -$2.75) x 1.25 (exchange rate) = $2.92 Billion