I will end up getting it right...

I just realized that SKV is offering to exchange 1 share of wildrose for .82 share of SKV. This means that after the merger SKV will not have close to 77mio fd shares but closer to 72mio fd shares

27mio shares of wildrose x .82 = 22 140 000

22mio shares merger + 50mio SKV = 72mio

$600 000 000 / 72mio shares = $8.33

So in both cases, with or without a merger, the calculated share price for 1.5 mio ozs at $400 of profit per oz, would be around $8.4 per share.