URM uramet minerals limited

Ann: Sale of Barr Creek Tenements , page-3

  1. 2,142 Posts.
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    a few quick calculations

    cash at end of sept quarter was $3m
    sale of barr creek is $750,000

    total cash is $3,750,000

    total shares on offer are - 65,000,141 plus options of 24,615,866 = 89,616,007 fully diluted

    so cash on hand divied by fully diluted shaes on offers gives a cash backing of 4.2cents approx

    now lets say the total cash on hand has be dwindled down to $2m in the bank plus the sale giving a total of $2,750,000 now divied that by shares on offer gives a cash backing of - 3cents per share approx.

    so its possible that the current share price is the cash backing of this company.

    DYOR
 
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