However I must question the arithmetic or other unstated logic of a previous poster, who 'estimated' that, since FWR in very broad terms, held 3/4 of the total combined chromite deposits at Black Thor and Big Daddy, priced at $675 million, then "That gives the remaining half of Daddy a value of 1/3 (3:1 ratio) of that amount, which comes out at 0.14/share, more or less."

Huh? I understand the logic, the arithmetic though is a little more obscure. My own very rough ballpark share count total for KWG+SPQ comes to 1 billion shares; divide $675million by 3, I get $225million; divide $225 million between 1 billion shares and my figure is somewhat higher than the "which comes out at 0.14/share, more or less" statement.

When I divide $225million by 1 billion I get more or less 0.22cents per share.

Have I missed something here? Referring only to this little bit of arithmetic that is.