Here is fair value from Cantor Fitzgerald Valuation Gap with Alpha Minerals should
close: At the very least, FCU should trade at
par with Alpha Minerals. Based on the sum of
its parts, FIS traded at a 15%-20% discount to
its fair value relative to AMW. There is no
reason for FCU to not trade at least at the
same valuation (and perhaps arguably higher).
Based on AMW’s closing price, we estimate the
fully diluted par value for FCU to be
$0.63/share.