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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Mountain Lake Resources Inc > takeover
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Comment by brianjameson Apr 14, 2011 7:13pm
216 Views
Post# 18434017

RE: re: takeover

RE: re: takeoverI agree.  .55 cents is ridiculously low.

As Cous pointed out the other day.....

$250 per oz X 600,000 oz = $150,000,000

divided by 2 (MOA's 50% share) = $75,000,000

divided by 43,000,000 shares outstanding = $1.74

Not only that, but wouldn't $250 Net after mining costs be low-balling it???

And this isn't even factoring in any of the other properties MOA has.

I just shake my head at this price and continue to hold.

BJ
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