Just for fun - Fission Mining Company
FCU Share Consolidation 1 for 4, new share count is +/- 102 million
FCU Contributes 1/2 of Triple R and China entity contributes US $1,500 M issue 200 M shares
FCU holds 102 million and 98 million for China
Fission Mining buys the remainder of Triple R for US $800 M leaving the Forrest Lake claims in FCU
FCU declares a 1 time dividend distributing US $750 M to shareholders and continues to drill at Forrest Lake
FCU shareholders now have a 1 for 1 share in Fission Mining equal to the FCU shares after consolidation.
Fission Mining has zero debt, the Triple R deposit, and US $600 million to develop the mill and mine. Shareholder agreement calls for zero dilution prior to commissioning the mill and the mine.
At commissioning, Fission Mining has a new mill, 150 million pounds on it’s way out of the ground and a mine life of probably 20 years at 7 million pounds/year.
After commissioning, the Fission Mining management team is awarded 10 million shares in grants and 10 million shares in options.
What would the mining shares be worth ?