GREY:GDPEF - Post by User
Comment by
LeftBookon Feb 07, 2019 5:01pm
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Post# 29334835
RE:RE:RE:RE:RE:RE:What would the 2017 offer look like today ?
RE:RE:RE:RE:RE:RE:What would the 2017 offer look like today ?
As I understand the letter, Resource Capital is looking to sell assets.
I suspect fractional assets or royalties are fair game.
1% royalities on east dufferin for $315,000 tranches seems possible.
$12M royalties on east dufferin for $6M credit extension seems equally possible.
Finer granularity and transferrable is probably preferrable.
Royalties give first dibs on the gold to the owner of the royalty.
Say, Dufferin East has a value of $67.3M post-tax
$67.3M
- 12.0M attached to a credit extension
- 315,000 Metalla royalties
= $55M remains for the other shareholders.
$55M/175M = 31c
It does not change the shareholders' stake in the company.
The company survives to mine the other properties.