... an efficient market ...... based on my math used to calculate the IPV (Implied Present Value) of Frasergold, Eureka's share price should trade at 56% of the value of Hawthorne's share price.
My IPV calculations are based on:
Eureka Fully Diluted Shares 13,852,640
40% Carried Interest in Frasergold
Nil working Capital
Zero Value Assinged to Eureka's Lottie Lake Property
Hawthorne Fully Diluted Shares 12,499,500
60% Interest (not vested)
$1,875,000 Working Capital ($0.15/share in cash)
Zero Value Assinged to Hawthorne's Carruther's Pass Property
... Low and behold, the market is efficient ... Eureka at $0.81/share is 57% of Hawthorne's closing price of $1.42/share.
So, if my IPV calculations are correct, if Hawthorne jumps to $2.00/share like vicsmith suggest it should, then Eureka should jump to $1.12/share.
Does naybody else out there see flaws with mycalculations?
Do your own due diligence first.
rise1