Gabriel Resources Ltd V.GBU

Alternate Symbol(s): GBRRF

Metals & Mining Gold

Gabriel Resources Ltd. is a Canadian resource company. The Company's principal business consisted of exploration and development of the Rosia Montana gold and silver project in Romania. The Rosia Montana Project, one of the largest undeveloped gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district. The Bucium exploration concession is located approximately five kilometers to the southeast of Rosia Montana in Western Transylvania and bordering the Rosia Montana exploitation permit. The exploitation license for the Rosia Montana Project is held by Rosia Montana Gold Corporation S.A., a Romanian company in which the Company owns an 80.69% equity interest, with the 19.31% balance held by Minvest Rosia Montana S.A., a Romanian state-owned mining company. Its subsidiaries include Gabriel Resources (Barbados) Ltd., Gabriel Resources (Netherlands) B.V., Gabriel Resources (Jersey) Ltd. and RM Gold (Services) Ltd.

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Gabriel Resources Ltd > Adjusted Calculation

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Post by astonbayon Feb 28, 2024 1:33am

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Post# 35903080

Adjusted Calculation

Thanks for the info, urai. Then assuming GBU receives $2 billion USD, they would actually be left with close to $1.6 billion USD after paying off all the contigent liabilities and fees.

$1.6 Billion USD = 2.17 Billion CAD

$2.17 Billion CAD / 1.04 Billion Shares = $2.08 CAD/ share

Optimistic Scenario

$5 Billion USD - Contigent Liabilities = $4.5 Billion USD

$4.5 Billion USD = $6.1 Billion CAD

$6.1 Billion CAD / 1.04 Billion Shares = $5.86 CAD/share

Section 18 is relevant. Contingent Liabilities (pdf page 44f)

Essentially they are:

- the AVRs (arbitration value rights) amounting to 13.04% of the award - but capped at 304.3 USD.

- as well as the KEEP (employee engagement plan): the first 500 million USD 7.5% then the open end 2.5%.

- plus other things