TSX:SGR.UN - Post by User
Post by
Kayla3620on Feb 26, 2014 10:37pm
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Post# 22256948
Buy-out/price
Buy-out/price
Just doing a little back of the knapkin calculations: last news release reports that we have about 16,ooo,ooo OZ in the proven to inferred category reasonable take out price of $45 per OZ/insitu 16000000*45=$720,000,000 /400,000,000 shares --------------- $1.80 /share maybe a bonus 50,000,000 for the mill = $$1.92 / share Bottom line is this goes much higher in the next 12 months!!!!! I have a feeling that the first offer for a take-out will be when SGR is in the $0.80 range,and that could be this summer.Hoping the final buy-out is higher than $1.50 give it some sober thought.....