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Message: what is probe worth

what is probe worth

posted on Nov 25, 2009 07:44AM

the recent cliff offer is for freewest's chrome at 55 cents per share which adds up to roughly 117 million dollars given freewests 214 million shares. if you read david palmers comments in the northern miner it states that probes land is right smack in the middle ot this chromium deposit. my question is what is probe's chromium value? we have a 40 million outstanding shares so if you do the math and we had half the chromium freewest has that puts it at about $1.50 a share. if we prove out equal amounts to freewest that puts the value at $2.97 per share. i am not a math wiz but i think we are grossly undervalued based on the cliff/freewest offer.

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Nov 25, 2009 08:30PM
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