My Math About $2.00 share when you strip out what they owe (BMO) and add in cash for exercising of warrants and options. I gave 75% value for the cash that is being reinvested in the new companies ($30 million).
145,000,000 shares outstanding (fully diluted). Leaving very little to no value for Vetas or Victorio.
Likely at least another $1.00 for those two (at rock bottom prices). We should be at least $3.00 for a decent valuation in my opinion. $2.50 if you are extremely pessimistic on what Vetas has. I suspect Eike made an offer for everything but it wasn't to Hinchcliffe's liking.