conspiracy theory !!!, page-16

"the research must be original, differ from the broker community and include one calculation - the replacement value of the company". Quote Jane Siebels.

Replacement value of the company Q Ratio — Tobin's Q (I THINK LAST SENTENCE IS CRUCIAL!)
Another theory related to book value is that a firm cannot sell for much less or much more than the replacement cost of its assets minus its liabilities, which is quantified by the Q ratio, also known as Tobin’s Q, because it was developed by James Tobin, who hypothesized that the total market value of all companies must be relatively equal to the replacement value of their assets minus their liabilities.
For an individual company, the Q ratio is equal to the market price of the firm divided by its replacement cost.
If the Q ratio is significantly less than 1, then it would be cheaper for potential competitors to buy the firm rather than start a new business, so this would tend to increase its market price. If it sold for significantly more than the Q ratio of 1, then competitors would enter the market, and drive down the price of the firm until it was approximately equal to 1.
Because the replacement cost of a company would be difficult to ascertain quickly, the Q ratio cannot be a driving force in determining daily stock prices for companies. However, it could be an indicator for long-term trends and as a potential takeover target if the company’s Q ratio is less than 1.

If individuals or companies want to enter a business, certainly it would be an important consideration whether they could buy a business for less than what it would take to replicate the company by starting from scratch, especially since an established company would already have customers.

Question now is:What is the replacement value of BTR?

First of all you have to find a deposit like Kitumba. What has BTR spent for exploration? I guess 20-30m roughly? The CU in the ground has a value of roughly 4.5bn? Assuming an average CU price of 3.20 US$/lb what might be the net profit? Maybe around 1.5bn? Let's take 5 % of it = 75m + cash of let's say 15m = 75 + 25 + 15 = 115m = 70 cents per share? Exploration potential Mumbwa maybe another 10 cents?

Probably a very simplistic way to look at it. I am not an analyst but finally it is just a question of price and maybe in 12 months the calculation looks completely different.

Mmhhhhh.....this really might be the plan. Imagine that Green Cay, Miller and maybe other would accumulate further shares over the next 12 months and at the end have a stake of more then 50%....they could take over the control of the company and then sell it.