Nevada Copper Corp T.NCU

NGU : Am I right that your conclusion is 49 cents?

[rockhound3]

That seems close to my 50 cents? 

But then my memory of  50 cents could just be my recollection of your info!?

That said I will go with 4.90 or $5.00 avg cost on the cost of PALA 's holding in NCU post consolidation!

tx 
ROCk

[Notgnu]

Yes Rocky, the $0.49 / $4.90 is about right. The warrants that will soon be issued will, when excercized, bring their average down ABOUT another $.05 / $0.50 per share. N

[lumpy13]

NGU:  I  can't see how (still unissued) warrants would bring down Pala's average to 1/10 of what you think it is now.  This would mean the warrants would need to be 10x the number of current shares they hold.

[Notgnu]

Lumpy... as I see it it works out something like this: NCU current shares out: 185 million  Pala current holdings about 70 million at $4.90 (if I am near correct) = $343 million paid Pala 15 million new warrants (if they get them at $1.00 but could be more / could be less) = another $15 million paid so the total investment is $358 million $358 million, divided by a new total of 85

[Fishbillion]

This post has been removed in accordance with Community Policy

[Notgnu]

Flounder = almost free. Just like you ex. Conider trading your shares in for some Balvenie DoubleWood 17 N