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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Other ROF Claims - khareema
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Jun 21, 2010 12:20PM
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Jun 21, 2010 11:39PM

That NR is interesting. I hadn't seen that before, but then again, I hadn't been paying much attention to the ROF at the time that was released.

That seems to imply significantly more than $1m for the NSR. Assuming that the SP was 10 cents at the time (although I'm sure it was probably less), that's $1.5m in stock, plus $635k on the spot, plus $1m more later, if I'm reading that correctly.

Even with a lower stock price, that seems more like about $3m to RN.

Of course, that's still all irrelevant, because it's worth what a purchaser will pay for it now.

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Jun 22, 2010 10:04AM
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