Pacific Booker Minerals Inc V.BKM

How Long Have You Held BKM?

[Hihosilver]

I Am a long term investor in BKM and remember well the days in the early 2000s when Booker averaged around $4.00 per share. Then as the promise of a permit seemed very promising the cost per share rose to around $15.00. You will have to read the history to try and make sense of why this did not happen. I sense that the current price will be short lived as any of the perceived road blocks are removed. I tried to give you a screen shot of the 2nd level quotes available but could not figure out how to do that. Needless to say there were not many shares left on Friday before price rose significantly. There was an ask of 1.45 for 2000 shares available. Then 2000 at 1.55 and at 1.65 then it jumped to $2.00. It would be my recommendation to buy in slowly and hope that next week some shareholders decide the release larger blocks of their shares.

[scatterhead]

HiHo.....sold off 80% of my holdings in 2018 for the tax write-off. Keeping the remainder for the eventual satisfaction(?) of what this property may be worth even selling to a larger player. Back around 2011 the estimated silver daily production as a by-product was commented to be able to pay for daily mining costs - costs have gone up , however, at $34 + silver that would be an interesting

[Hihosilver]

From what I understand the natives are onside or close to it. Whichever government gets in power have already stated they want to invigorate the mining sector. With respect to valuation BKM is in very good shape share wise with only 20 million out. Alot of mines pilfer away their shares foolishly and end up with 200mill to 400 million shares outstanding. As far as valuation of a permitted mine you

[SmokeyOB]

Might as well extrapolate a value based off cash flow per share........capital costs will be much higher than before but so is copper.  Then do the net cash flow per year and multiply it by somewhere between 8-16x depending on the lifespan of the mine.