GREY:PMGLF - Post by User
Comment by
Squint1on Sep 30, 2013 3:00pm
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Post# 21778922
RE:Share Value of ExploreCo
RE:Share Value of ExploreCoThey paid $35.8 million for their interest as per Note 10 to the 2012 financials and spent a further $1.6 million to Q2 2013. With the $100 million cash, it comes to about $1.56 per share based on the "cost" of the lands. It is uncertain as to what is the value.
| Brazil Assets | |
| Purchase - Dec., 2012 | $35,800,000 |
| Q2 2013 Capex | $1,600,000 |
| Total - US$ | $37,400,000 |
| Exchange rate | $0.9700 |
| Total - Cdn$ | $38,556,701 |
| Cash | $100,000,000 |
| Total Assets | $138,556,701 |
| | |
| Shares Outstanding | |
| Basic | 84,898,220 |
| Exercisable options | 3,791,135 |
| | 88,689,355 |
| | |
| Value per share | $1.56 |