oops... I stand corrected on valuation

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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mzsmith

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oops... I stand corrected on valuation

posted on Jun 03, 2008 05:11PM

They are only giving KXL 1.5 mln ozs of gold on Hercules for a credit of $2.21 and a further 1.5 mln ozs for the rest of their property. Here is the tabulation

Asset NAV/s

Hercules $2.21
GB district Au properties $2.21
Base metal properties $0.35
Otis $0.17
Athabasca Basin $0.32
Cash $0.37
Total $5.64/share

There is definitely some wiggle room folks...

m.z.

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