GREY:ENGFF - Post by User
Comment by
steadfaston May 11, 2011 10:50am
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Post# 18559794
RE: RE: 90% chance of success!!!!!`
RE: RE: 90% chance of success!!!!!`JJG001, thank you. You are correct, I misinterpreted the 90%. I believe, it maybe:
313,176 x 0.198 = 62M x $5 in ground = $310M x 90% ownership = $279M div by 65M shares os
= $4.29
+ whatever ENG's 10% ownership of 1711 might become in the future
Do these figures make sense to you??
Thank you in advance.