TSXV:EPO.H - Post by User
Comment by
Karmanowon Dec 09, 2010 12:02am
400 Views
Post# 17822055
RE: RE: "EPO vs AAA" A Valuation Perspective
RE: RE: "EPO vs AAA" A Valuation Perspective2010 - BHP paid $341 million dollars for API- Athabasca Potash for 425 million tons at 22%KCL. That = .80 cents per ton in the ground
$341 million paid for API. API had 39 million shares outstanding at time of take over = $8.74 per share
So if EPO can prove up 425 million tons measured and indicated categories at 22% KCL in the pending N1 Resource Report ...EPO share holders can expect a buy out at about $341 million dollars or .80 cents per ton proven...... Thats not guessing thats the facts....
I can wait for 2013 and Allana producting 2 million tons per year and trading at 20 times E/V and conservatively over $10 per share...but jbbigboy you already know that from reading my posts on the allana board...The pattern i see from your post is that juniors get bought out in Sask. cause it costs to much to get to a mine....
Maybe this one will be diffrent...time will tell....
sincerely, good luck to you all....its your money
Karma