The FRG news and market reaction shows just how inept the market is.... Their news puts a $14.00 cash into FRG.... and no value for remaining assets is being priced into the stock this AM... Go figure!
remaing assets look to be projects and cash and stock valued @ 287 MM or about $2.50 / share
FRG should be at least $16.00 on this news.
JMHO
From Jan 24 news release.
Fronteer Gold is well financed to advance its key gold projects to production sequentially over the near term. As of Jan. 21, 2011, the company has cash and short-term deposits of approximately $100-million and available-for-sale securities with a fair value of approximately $287.76-million (includes 52.1 million common shares forthcoming from the expected closing of the sale of Aurora Energy Resource's uranium assets to Paladin Energy Ltd.).