RE:RE:Questions...Value assigned to all the properties as indicated in the cicular was approx $68 million cnd, which is why they did the PP at $2.61 fair market value. That being said this stock closed below cash value today.. Cash value being .35c and your getting all the properties for free. Its down as the arb shareholders are selling in 500 share lots (see their algo's on UBS and Morgan Stanely). They don't invest in junior miners they are arb traders from the KDX spinout dumping. Once they are done dumping we will be cleaned up and go right back up.
How do they know its worth $2.61? Surveyed the market to find out what they would fetch in a buyout. Got those values.