TSXV:ART.H - Post by User
Comment by
Fernando2010on Aug 15, 2011 8:55am
382 Views
Post# 18941413
RE: RE: ..This stock now owns 12% of the Deposit..
RE: RE: ..This stock now owns 12% of the Deposit..Poker: I don´´t get your valuation of Vast at $ 30 millons.
They sold a 12% interest in the project for $ 9 millons.
So, in a 100% basis, the project was valued at 75 millons ($ 9 millons / 12%)
So, the 25% that Vast retains after the selling has to be valued at $ 18,75 millons.
Of course, I´m not taking into account any success coming from the deepening of the well