RE: Reverse Engineer? Good Morning,
Schiff here is my calculation for the value of the 2% and the Value based on the final payement:
Ok if total payment as follow:
$6.6 in cash
7.8M share (to be Calculated as follow)
let say the estimated 1.1M last Dec. today with very conservative calc is 1.5M
1.5M ounces in CALI (1.5m x $400) = $600 or
1.5M ounces in CALI (1.5m x $200) = $300
that means (approximate) $2.5 to $5 per share for CALI only
Assume that the share price continue as $1 for the rest of GEY
then the share price could be valued at $3.5 $6
SO, the value of 7.8M share is
7.8M X $3.5 = $27.3M + $6.6 Cash = $33.9M as the 2% then the 98% =?
or
7.8M X $6 = $46.8M + $6.6 Cash = $53.4M as the 2% then the 98% =?
=? is the value of GWY shares (Market Cap)
Case 1= ((98 * 33.9)/2) = $1.661B
Case 2= ((98 * 33.9)/2) = $2.617B
you do the calc for the share price with 10% - 20% (- or +) markup error
GLTA
Dan