HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Need some help over here
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Need some help over here

posted on Nov 30, 2009 01:50PM

Most of you know that I do enjoy playing with the numbers. With respect to NOT's most recent offer and specifically "The implied value of this offer is C$0.86" I am struggling to ascertain how they came up with this implied value.

At the time of today's offer, NOT's S/P was $2.25 and based on a 3.5 to 1, this equates to $0.6428 per share.

I do understand that there is also the warrant consideration but mathmetically, how does it figure in? (if it does)

Anyone care to elighten me?

Cheers,

Milsy1

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