attention stolwyk ..., page-17

re: attention stolwyk ...?/blue griffin The number of shares and price mean everything. So does the U grade.


SMM has 182 mill shares and 4 mill options. It is trying to double its resource to 150 mill lbs.

Paladin has 400 mill shares and 33.5 mill options

MTN has 29 mill shares. I have subtracted 20% from resources to account for losses in recovery.

Current price: A65 cents. U=$US29.5 or $A38.3 (F=0.77)
Market cap: 29 mill*0.65= $A18.9 mill.


Net Resource: 72 mill Lbs-20%=57.6 mill lbs, worth: 57.6 mill*$A38.3=
$2206 mill. Per $1 market cap: $A116


From the SMM thread:
SMM: "Then, based on previously calculated net value of $A2.33 Bill, the value per $A1 market cap will change from $A51.9 to $A21.35, about 5.43 times PDN's $3.93 value".

Add: MTN: Per $A1 marker Cap, the net value is $A116


Subject to audit,

Gerry
Holding SMM, MTN