RE: CBP -10 million Market Cap companyHi John, you are right the shares were moving up from the market woes and was moving up past the mid 20's and yes it was .50 in the past. I am sure you can admit the reason of the high volume and appreciation to .35 was due to the NR and the days leading up to it.
Using the old .50 value and comparing apples to apples, Stratego was worth $4 or about 50% more than what it is today. So the inflated value of the Strateco shares would be worth 200,000 X $4 = $800K + 500K of cash + 3 million of exploration expenses + $300,000 of new shares issued. Excluding the shares being issued brings the value of the arrangement to 4.3 million.
Increase the market cap of CBP to 25 million based on a .50 cent share price and to me it still looks good. From my perception the company created 4.3 million worth of value (as if it is not spending 3 million in exploration it is keeping it. (althogh this is over 4 years)
The company is selling a 60% interest of this one property only. There are 8 other proeprties that CBP has interests in. https://www.pacificbayminerals.com/projects/otish-mountains.html
I would suggest that there is a reason why CBP took 500K in cash as to me it doesn't make sense to take the cash portion as they have a good balance sheet. I would of taken more RCS shares so that I would have increased exposure to the region if it pays off. Maybe the cash is needed for another region that big things are expected. To me there is no other reaosn why to take cash over shares.?
I don't know enough about the $ potential of the finds but I agree that 40% of a cooked pie + cash, shares, exploration expenses is better than the raw ingrediates by themselves, especially from a risk perspective if the market takes a big hit.