Value of the Deal As of yesterday, Auryn market value is 294 M
52.5M of cash and assets to move to spin cos.
remaining MV is 241 M. This value moves to Fury Gold.
According to the news release, Eastmain shareholders will own 31% of Fury Gold
that is 241 * 0.31 = 74 M of Auryn's assets transferred to Eastmain shareholders
Eastmain has 296 M s/o which means the implied value is 74/296 = 0.25 cents per Eastmain share,
NOT INCLUDING EASTMAIN ASSETS.
So the share price today ALONE just covers the value added by Auryn.
Fair value of Eastmain assets ALONE is probably north of 1.00/sh under good management.
You do the math.