Vaaldiam Mining Inc VAALF

RE: RE: very rough estimate

[mtsuit]

Seems like the buyer wants to ride the royalties to their full value once each project is in production.  At that point they will have doubled their investment.  But they're taking the risk of development delays and indefinite deferals.  Pukaqaqa is potentially the most valuable, but it's still at feasibility stage with no commitment to construct a mine yet.  Milpo might put it into production in 2016 ... or they might sit and do nothing for ten years.

Flemish is a completely different type of investment.  Buyer probably wasn't interested and would only offer a minimal value for it - Bob probably thought he could realize more value from other potential buyers, perhaps existing Flemish shareholders.  But there's no way it's worth $1/share right now.  It's early stage exploration with big potential, but no blockbuster results so far.  And it needs to raise money now for its 2012 program.  In this market the price might drop to
.20/share.