RE:RE:RE:Value of gold in the ground per share.Correction to my posts.
I was too fast in calculation without verifying.
Here are more fact that should be closer to the truth.
The no of shares outstanding before the acquisition or merger with Pershimex in nov 2022 was +- 348m shares. for a MCAP of $14m
After Pershimex merge the no of shares was 428m for a MCAP of $17m.
Now after many PP the no of shares = 714 m and 286 m warrants.exercisable at 0.04-0.06 -0.08c
good for 36 months.
The MCAP for share outstanding today is $35m.
And the value of wt if exercised would be +- $15m.
If more money is needed to get Sleeping Giant in production faster i would suggest management to
lower the wt exercise price by 2c if exercised in the next 3 months.
That would bring in +- $9m instead of $15m but would eliminate more dilution.
Here is where my calculation comes from.
There are certainly some mistakes but it could be close to the truth.
No of shares in m | date | PP financing | | Shares | warrants | Wt ex price 36 months | | Mcap |
348m | 20nov 2022 | | | | | | | $13.95 |
428m after aquisition of Pershimex | | | | 79.3m | | | Acquired Pershimex has 18.5% of Abcourt | $17m |
| Dec 2023 | $ 2.58m | 0.04c | 64.5m | 64.5m | 0.05c | | |
| June 2024 | $4.42m | 0.05c | 88.43m | 88.43 | 0.06 | | |
| July 2024 | $4.5m | 0.04c | 112.5m | 112.5m | 0.06c | | |
695m | | | | | | | | |
| Oct 2024 | $1.25m | 0.06c | 20.86m | 20.86m | 0.08c | | |
715m | | | | 715m | 286.2 | | | $35m |
Sorry for all the confusion that this post will bring .
And sorry Mr Hamelin for douthing your actions.
Fernand