RE:RE:RE:RE:RE:RE:Where’s all this info coming from? my low ball estimate of the value
4.3M for cash equivalents, mill, bond
5.0M for Tangier & Forest Hill at $10/oz
16.7M for Dufferin including development up to June 2017 pre-bulk sampling
sub-total 26.0M
plus 10M for tax credits
total value 36M
I believe it is worth over 50 million with the credits and Dufferin more fully valued.
liabilities 18.3M + 2.2M = 20.5
I wouldn't be surprised to see some debt to share conversion in an attractive merger
supply and demand, value on both sides in a merger, will drive the final deal