RE:What to expect?JamalAhamed wrote: Santana currently has a mine life of 32 years and an NPV of $396M USD
(Mine is build ready for production)
Araxá has a 40 year mine life and an NPV of $967M USD based on PEA filed in June 2012
Total debt 180 million if I am not worng
even if we get half of npv for santana 200+ 20% npv value for Araxa 180 million
total is 380 million -180 debt = 200 million to the share holder be more conservative and get half of it is 100 million /120 million share ... do the math
JamalAhamed – Your post is GROSSLY incorrect.
Based on recent transactions in the marketplace Santana would yield approximately $40 to $50 Million dollars. Araxa would yield only $15 to $20 million dollars not the 20% of NPV value you state
Total LIABILITIES is $345 Million as of Q3
Based on Q3 (the latest financial statements) book value is approximately $1 to $1.20+ and when Q4 is released will likely bring this down below $1.