GREY:STTYF - Post by User
Comment by
elmothefearlesson Aug 14, 2013 9:17pm
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Post# 21671407
RE:some numbers on bracemac ore value
RE:some numbers on bracemac ore valueSSL paid $8 million for 24.5% of all attributable gold production, indicating the remaining 10.5% would be worth somewhere between $2 - $4 million. Maybe towards the lower end of the range in this environment.
We can see that the value of the silver production is approximately 50% in excess of gold. So if the full gold stream was worth, say, $8 - $10 million, the silver stream is likely approx. 50% more. Say $12 - $17 million.
So in theory, SND takes ownership, sells the remaining gold stream to SSL, sells the silver stream to SLW (Nolan's old boss Randy Smallwood), and they keep the zinc / copper for themselves.
Don't see why this isn't an option. Zero dilution.
Even if it's not, sell the attributable zinc production to Trevali or someone else looking for zinc. Sell it back to Glencore even.