Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Comment by bart_dcon May 24, 2010 7:31am
498 Views
Post# 17125963

RE: Russian gold unit Severstal eyes flotation

RE: Russian gold unit Severstal eyes flotationI received a mail from a friend (co-investor) who sent me the news link.
This is good news.
Let's make an estimate from that PR to put a very conservative value on HRG.
Severstahl wants to receive 1 billion pounds when it floats it's unit.
1 billion pounds equals about 1.5 billion CAD
Let's assume that Severstahl wants to keep control and only floats 49% of the entire gold entity.
This means that the value of the gold unit would be somewhere around 3 billion CAD.
If High River is only 40% (instead of a more realistically 50%) of the total value of the gold entity than
this would value High River at 1.2 billion CAD or 1.50 CAD/share.
Would you agree with this calculation?
Any feedback is appreciated!
Best regards,
Bart
<< Previous
Bullboard Posts
Next >>