Eike is putting US$ 18.0 million cash for a 10 pct share of the Galway vetas spin Co.
They (GWY) only have one property- which they do not own- and it is estimated to have – one million ounces.
So that’s a US$180 million valuation for one property.
On the other hand CB Gold has 11 properties, only 3 of which have been drilled so far, and trades at a 125 million market cap
Analysts have estimated between 4-6 million ounces for CB Gold
So there´s the numbers -even if it´s only 2 million ounces at US$250 (what GWY went for),
-it´s a $3.00 dollar stock.