RE:RE:RE:RE:Lift off Friday or Monday ... YEE HAW!!!
"John has said that they are going to update everything once we get the permit,"
LOL. You have that backwards. There isn't going to be a certificate until PBM submits an application to the EAO with updated information.
As far as valuation and share prices go, nothing sells for its NPV or anywhere near it. Furthermore the risk adjusted rate of return for a new company on an unproven project is way, way higher than 5%.
"Wouldn't you as an investor happily pay $20 or $30 or $40 per share ?" Why then aren't you buying all the shares ? They are dirt cheap at less than $1/share. The bottom line is this - nobody believes PBM in its current form has what it takes to execute the project. If they did, they would be buying shares.
One other thing - there will be way more than 20M shares issued by the time an actual mine is built and in production.