Forbes Billionaire list outEx-billionaire E Sprott (dropped from list in 2013) is still off the latest Forbes billionaire list.
Come on, Barkerville. Get up to $10 and make Mr. Sprott a billionaire again.
Sedi says that Mr. Sprott's 2176423 Ontario holds 97,303,131 BGM shares and 9,000,000 50-cent-plus warrants which seem to be open for 30 months after 2015-03-10 and 3,260,000 40-cent warrants which expire on 2017-02-23.
At $10 per share, the sale of the shares and exercised warrants will provide proceeds of $1,090,727,000, which should put him back on the Forbes billionaire list again.
Oh, dang!!! The Forbes billionaire list is in U.S. dollars, and converting that $1,090,727,000 to U.S. funds will discount it by 33 per cent.
Come on, BGM. We need $13.33 cents per share to make Mr. Sprott a Forbes-list billionaire.