RE: RE: CCC sharesJust doing the numbers if CCC does come out at .35 I get this.
BTC shares outstanding 75.6M * .3 = 22.7M shares for CCC. So then 22.7*.35 = 7.9Mil would be the valuation removed from BTC. The market cap for BTC using Fridays close of 72 cents a share is 54.5Mil so in theory 7.9 mil valuation leaves BTC but they do retain a 1% smelter fee so I have no idea what valuation the market would put on that. 54.5 - 7.9 = 46.6 mil. Take 46.6mil/75.6mil shares = 61.6. So in theory if the deal does go down I come up with a 72-62 =10 cent drop in price but there is the 1% smelter fee that BTC retains. These are just the numbers so I have no idea what the market will do when it happens but I do expect BTC to drop in value if and when the deal is done.
So just for fun here the valuation for the shares BTC holds using Fridays close.
| Company | shares | Share Price | Equity | share valuation |
| Coro | 58000000 | $ 0.55 | $ 31,900,000.00 | $ 0.421 |
| MAR | 1565000 | $ 3.81 | $ 5,962,650.00 | $ 0.079 |
| PVS | 1500000 | $ 0.49 | $ 735,000.00 | $ 0.010 |
| BCU | 815000 | $ 0.25 | $ 203,750.00 | $ 0.003 |
| | | | | |
| | | | Share assets -> | $ 0.512 |
I used 58mil for Coro share which is the warrants included. I used 4.5 mil to buy the warrants. They have used some cash up so they could have around 3 mil left in the bank so that's about 4 cents.
So 10 cents for CCC + 51 cents for share holdings + 3 cents for cash =64 cents. Friday close 72 -64 = 8 cents for the rest of their other property. These numbers are using 35 cents for CCC which we don't know what they will come out as and what the market will value them. Bottom line is that IMHO they are still way under valued plus if they keep MAR shares they will get new share from MAR gold company that MAR is making so that's more valuation.. On the plus side BTC management is trying to get valuation for BTC and CCC is a really good way to do it.
Just sitting back watching things unfold.
MM