Colossus Minerals Inc COLUF

RE:rough math – anyone?

[wwadehammer]

From your post, I couldn't determine what you think 1.7 percent of the stock current shareholders hold will be worth if the restruturing proposal goes thru.

My calculation is that the bridgeloaners give $10 million for 8 percent of the shares after restructuring which equates to a market cap of $125 million.  Current shareholders will have 1.7 percent of that cap or $2,125,000 of market cap.  Divide that by current outstanding shares of  175 million and you get projected share price to current holders of  1.2 cents.  Now if the mine is developed and things turn out, the share price could appreciate to ???????.