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: Re: Parisotto and Pinetree - Babjak
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Parisotto and Pinetree - Babjak
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mynot
Aug 24, 2010 11:02PM
Re: Parisotto and Pinetree - Babjak
9
Gerwin
Aug 25, 2010 03:14AM

http://www.pinetreecapital.com/_resources/Pinetree-Case_studies.pdf

as of june 30th 2010

Investment Summary
Initial investment price -$0.21 (Dec 03)
Subsequent high -$6.95 (Feb 08)
Total investment -$47.5 M
Exit proceeds & current value -$28.4 (0.6 x cost)

the way i read this is that they invested 47.5 and that investment is now worth 28.4 (as of the 30th of june. Not traded 1.13 / 1.15 on the 30th.

am i reading this correctly?

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Re: Parisotto and Pinetree - Babjak
6
Gerwin
Aug 25, 2010 05:58AM
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