Deemed Value Goldstone
posted on
Jul 06, 2011 09:26AM
Edit this title from the Fast Facts Section
More Assets Goldstone’s - Balance Sheet
In addition to:
a) Hardrock Gold Deposit*
b) Brookbank Gold Deposit**
c) Key Lake
d) Leitch/Sand River
e) Northern Empire
f) Deloro –Timmins area
g) Bartec – Val D’Or
OTHER ASSETS:
Total: $ 18,608,000 or $ 0.177 perGRCshare – say $0.18 per share
The Proposed Offer: 0.16(X) premier shares +$0.0001 in cash for each “GRC” share.
Premierat $5.77 x .16(X)= “GRC”@ $ 0.92 - $0.18 (other assets above) = $0.74 per share value;
That’s $77,700,000 deemed valuefor Hardrock, Brookbank et al!
($0.74 per share value x 105,000,000 “GRC” issuedshares)
CHEAP! --- For the birds -Cheep! Cheep!
*Note: April 2011 independent research valuations on the Hardrock Gold Deposit indicated $173 million to $216 million for GRC’s 30% carried interest.
The “arrangement” is subject to among other things, the favourable vote of 66-2/3rds % of the votes cast by Goldstone shareholders.
** Brookbank Gold Deposit – 35 kilometer strike length – Underdeveloped
2009 NI 43-101: 698,200 oz. Au (Indicated & Inferred – 2g/t cut off)
GOLD: $1526.30 + $10.00