RE:Tier One Silver to Raise C$10 Million in Equity FinancingJust my thoughts, please correct me if I'm wrong somewhere.
Auryn closed at 2,5 usd.
Fury currently worth 1,73 usd but we only got 0,675 shares per Auryn share, so actually we got 1,17 usd from Fury.
That means our Peruvian spinoffs need to be worth at least 1,33 usd to equal the closing price of Auryn.
I still think Sombrero is worth more than Tier One, so 0,78 usd per Tier One share seems like a good price to me. I expected around 60-70 cents.
Also worth mentioning gold was trading a few percent higher in october last year.