TSXV:EPO.H - Post by User
Comment by
lastpickon Mar 20, 2011 3:20pm
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Post# 18313066
RE: what would be a fair valuation for EPO?
RE: what would be a fair valuation for EPO?One way to come up with a value/share is to look at Potash One buyout price based on proven + probable + indicated resources:
Potash One buyout at $4.50/share X 97MM shares = $436MM
Potash One had P+P+I resources of 215MMT KCL equivalent
Potash One buyout price was $2.00/ Tonne KCL equivalent.
EPO reported 79.1 MMT Indicated KCL equivalent X $2/MT = $158.2 MM. (inferred resouces are not included in estimate)
Value of EPO = $158.2MM / 250MM shares=
.63/share buyout price based on indicate resource at this time.
Of course, as more resources are proven, then value goes up accordingly.
Comments are appreciated!