Silver RangeWill someone check my math on this? SMD has 60 mil shs. If they distribute 1 sh of Silver Range for every 3 shs of SMD owned, they will distribute 20 mil shs. If they retain a 19% ownership interest, that would be mean there will be 25 mil shs outstanding and 10mil wts. They are going to fund it with $17mil cash. That tells me the cash per share will be $.68, plus the properties. So, my guess is it will start trading somewhere between .68 and .85 (warrant exercise px).
The question will be, where will the SMD px be when the distribution takes place and and how much it will drop.
In any case this is a huge and IMHO will only get better once the drills start turning!