Re: Another aquisition (Prices)
in response to
by
posted on
Sep 19, 2011 11:46AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Looking at the numbers, I see $275 Million was paid on approx 1.265 Million OZ, which gives you approx $217 per OZ in the ground. Seems a bit low, but ...?
Yes the other post, the answer was Jay Taylor, and they said the average price paid per OZ was $700-$800 per OZ in the ground. I know the post I did comparing recent takeouts, was right in that ballpark, it worked out to $769 per OZ.
Bottom Line, even if we use this new LOW number, which makes more sense than the very low number I use ($150 per OZ) then we'd have the following (and remember, this is ONLY the Zona Central Anomaly, and scaled by 68%):
102 Million OZ X $217 per OZ divided by approx 130 Million shares Fully Diluted (Max)
Share Price would be $170 (scaling by 68%)
Share Price would be $277 (scaling by the ovoid formula)
Share Price would be $532 (with NO scaling)
WOW, pretty easy to see our Potential, I'm thinking I like the NO scaling option, even with the low price per OZ
Exciting times ahead! (IMO)
Bow