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Message: Re: 1975(?) Idaho Bureau of Mines Report--calculations

Using your numbers.....I am going with the high since more veins have been discovered.

The estimated worth of WEM is 14 billion dollars. Outstanding shares is 328 million shares.

Divide the number of shares outstanding into the value of WEM. The price per share is $42. So a fair market price to sell SFMI to another huge commercial mining operation like ABS or Vale is roughly $14 pps.

Give me $10 pps and I am happy as a fly swimming in a pool of shit. Plus GHDC is getting paid royalty and lease payments with no overhead or debt. No wonder PQ has all his eggs in GHDC. GHDC has to go up in value unless the buyer makes it a package deal for both companies.

This is how this reporter sees it...

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Sep 03, 2011 10:47PM
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Sep 04, 2011 01:36PM
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