sale ends this week, page-3

At 7.5 cents, it priced 285 million shares at $21.375 million, take away $2.1 million bond; it valued 1 million ore process plant at $ 19.275 million, but it worth up to $100 million! Or $0.177 a share.

At today’s tin price, and exchange rate 0.9103, NPV is well above $125 million or $0.22 a share (for total 565.3 million shares under merger plan).

Apart from NPV or plant Asset valuation,
Consolidated Tin will receive
1. 9.8% percentage of any profit from SPM mining operations.
2. Revenue from toll treating SPM ore.

With the $76 million CAPEX funding, I think they can scale down from 1 million ton ore to 500,000 ton or even less say 300, 000 t, once establish the positive cash flow, everything could be easy, and market will love it.



Cheers