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Message: Re: Newgold Acquires Richfield (Compare to SLI)
2
Apr 04, 2011 10:11AM
3
Apr 04, 2011 12:05PM

Good article Silverback, I've gone through their Math, It does not show them doing any scaling, so I used the total Tonnage they reported, now we'll do a comparison to us:

First Them (Richfield Ventures RVC):

Fully Diluted Outstanding Shares = approx 53 Million

Total Tonnes = approx 117.262 Million @ 1.015 g/T (don't know if this is a scaled number like ours is. SLI example will be scaled as it was in the G & S Report, huge scale)

117.262 MT X 1.015 g/T X 1OZ/31.1g X $145/OZ / 53 M F/D O/S Shares =

Approx $10.47 per share

Now Us (SLI) This is just the

Zona Central Anomally Only:

1800M X 1700M X 1300M X 2.5T/M3 X 0.32 X 1.015 g/T X 1OZ/31.1g X $145/OZ /117 Million F/D O/S shares

This one Anomally would give you $128.72 per share (at all these very conservative numbers & a huge scaling factor, and only 1 anomally not to depth!)

Bottom Line Summary:

Us = $128.72 per share

Them: $10.40 per share

BOW2U

3
Apr 04, 2011 02:50PM
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