Post by
Wangotango67 on Sep 14, 2022 2:00pm
TOO FUNNY...
I have my calculation @ $.80 cents - ( if fortune rolled 10:1 )
Don't even ask what the numbers were in last post...
Even some of my words change...oh well...
round 2 ( correction )
HYPOTHETICAL ( trying to see if fortune would benifit if they rolled to scoop more gold )
Suppposing Rover had -
85.000 ounces
$200/oz thought only inferred ( since near surface ) could command a decent value )
= $17,000,000 ( with who knows what else the ore body holds in minerals )
HYPOTHETICAL
Fortune if rolled with a 10:1 would have - $..80 CENT valuation ( supposing .08 cents )
They would need - 21,250,000 shares - to absorb us shareholders.
Rover - Should have spun the Bugow with a 1:1 value for thier shareholders.
Park it - for another to buy. ( 1:1 preserves value for shareholders )
Fortune ( if ) rolled - ( 500,000,000 ) million shares out @ 10:1
= 50 million shares out back side
+ 21,230,000 ( bugow )
= 71,230,000 new share count for fortune
With a ( half a-ss district scale project )
why half ( a-ss ) ?
It's all about who scooped up the Ray mine land and claims in between that makes it a connective district scale prpject.
FORMER POST SAID - 6 cents.
CORRECTION TO - 80 cents.
Again.... just hypotheitcals...
not investment advice.
Just seeing what it would look like if fortune revamped their share structure and absorbed bungow.
Cheers.....