Ann: Intention to Separate Atlantic, page-3

ASX Release / 22 July 2019Investor Relations Mr David Cotterell Manager Investor Relations +61 3 8660 1959 ASX: SBMMedia Relations Mr Tim Duncan GRACosway with Hintons +61 408 441 122 ADR: STBMYSt Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T +61 3 8660 1900 F +61 3 8660 1999ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003 W www.stbarbara.com.auSt Barbara completes acquisition of Atlantic Gold CorporationSt Barbara Ltd (ASX: SBM) (“St Barbara”) has successfully completed its acquisition of Atlantic GoldCorporation (TSX-V:AGB) (“Atlantic Gold”), first announced on 15 May 2019. The effective date ofthe acquisition was 19 July 2019 (Vancouver time).A subsidiary of St Barbara has acquired 100% of the outstanding common shares and options ofAtlantic Gold for A$780 million (C$723 million) under a Canadian plan of arrangement. Furtherdetails of the acquisition, including its strategic and financial benefits, are set out in thecorresponding announcement and presentation of 15 May 2019.

The POG was 3590 back then and is now 4600. So 780 x 4600/3590 = 999.44 or Au$1bn.
I think we should not settle for anything less, as the POG is in a strong uptrend.