Best Case Financing Scenario From the March 2012 Baja Corporate Presentation, slide 5:
(1) Total funding raised: ..................................... US $ 1,184,500,000
(2) Total funding required: .............................. -- US $ 1,143,640,000
(3) Balance: Subtract (2) from (1) .................... US $ 41,500,000
(4) With no Cost Overrun required:
add US $100 million to (3) ................... + US $ 100,000,000
(5) Best Case Financing Scenario .................. US $ 141,000,000 balance
The balance is available for paying down debt and/or capex on the manganese circuit and/or financing legal action against Mark Mcgoldrick, depending upon the direction the wind is blowing.
Market Capitalisation Equivalents of MMB (entire Boleo Project)
April 2004 ..... CND $30 millions .... At the time of the reverse takeover.
June 2008 ... US $ 343.3 millions ... Sale of 30% of MMB to the Koreans.
July 2011 .... Cnd $ 574.2 millions ... Average Baja share price paid by M.K.
Mar. 2012 ... Cnd $ 484.2 millions ... Based on $1 sp x 339 mm Baja shares.
Mar. 2013 .... Cnd $ 968.5 millions ... Based upon a projected Baja share price of $2 x 339 million shares (= $678 millions market capitalisation for 70% of MMB).
It is interesting to note that a doubling of the Baja share price from $1 to $2, results in an increased imputed equivalent market capitalisation of MMB from $484,285,714 millions to $968,571,428. It seems reasonable to me that the Baja share price will reach $2 by next March, and that the MMB imputed equivalent market capitalisation should be about one billion dollars.
Cheers,
Doug.