GREY:OREAF - Post by User
Post by
tdsbon Jan 12, 2023 3:01pm
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Post# 35219285
Value?????
Value?????If you figure Nordgold owned 55% of Montagne d'OR, and the french authorities have decided that Orea Mining owes Nordgold $100 million for their portion, then Orea's 44% holdings are worth $80 million. The price which will be paid to Nordgold is a lowball offer but I will work with that. At ten cents a share and if you figure in another 10 million shares added because of the recent PP that gives Orea a share count of 226 million shares. If you take 226 million shares and multiply by 80 cents or .8 it comes out to a market cap of $180 million. That in my mind values this deposit at 80 cents per share or 8 times its net present value. (8 bagger) I am no longer in the camp that this stock is a "Darkhorse", I believe this deal will see the light. As always DYODD. Cheers