GREY:DRGDF - Post by User
Post by
Roundtripon Feb 01, 2009 3:05am
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Post# 15743447
Back of the envelope calculation
Back of the envelope calculationHere's another back of the envelope calculation:
13.2 million oz x $92.70 (10% of the POG) = US$1,223.64 million
US$1,223.64 million divided by .8132 (CDN $ exchange rate) = Cdn$1,504.72 million
Cdn$1,504.72 divided by 48.243 million shares outstanding = $31.19 per share
Takeover target of $31.19 per share