KingJames is somewhat incorrect on his valuation calculation. If you strip the Canadian portion from the Guyanese portion, you would take its intrinsic value with it. It really depends on how the market values each project.

Say SMH is worth 20 cents right now with 65 million shares outstanding. Perhaps the market views guyana to be worth 6 or 7 million dollars. So the remaining would have to be mostly attributable to the Canadian portion.

If the split occurs, then depending on how many shares are distributed for one or the ther project, it could bring a wide range of prices. However, ideally the intrinsic value would stay the same if nothing changes within the project.

The only fly in the ointment is the human factor. People may want an 'only' guyanese company and would pay for it specifically. Thus driving up the sp after the split for the guyanese property while perhaps reducing the price of the CDN properties.

Oh boy, now that I look at it, it doesn't look good. Say, where were you when most of us bought MMG/DRV? Ah, maybe I ansered my question already.