GREY:LBEFF - Post by User
Post by
northerngirlon Mar 01, 2005 5:42pm
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Post# 8677927
who did that mcwatters' evaluation anyways!
who did that mcwatters' evaluation anyways!from nr
"144,165 T @ 2.17% = 3128 Tones of nickel worth ( 3128 x 7.00 x 2200 x 1.25 Cnd/ us exchange = 60 million cnd)"
CRO trading .40 to .50...closer to 40's than 50's usually
60 x .05 = 3 million cnd
cash of $350,000
Balance in stock 2,650,000 / .50 = 5,300,000 shares or more realistically 2,650,00 / .45 = 5,900,000 shares
This gives no value to the upper zone 415,450 T @ .85 %
WHAT WERE ED'S CALCULATIONS BASED ON???....what co. helped to come to this conclusion..
Wonder what CRO share price he used ?
What nickel value was used and was this converted into Cnd dollars?
should we not have about double the CRO shares based on the trading price of CRO and the 5% value of the ore..?..or like I mentionned before 1 for 1..look at the value of mcwatters!
Looks to be like only receiving about 3% for the higher grade portion only...
It's too bad the shareholders don't get to vote...don't think it would fly...but they know that I'm sure... only the directors on both sides have to agree..how convenient....for them....