comparison of bsg and pjo, page-5

Gold price: 540.45; silver 9.93.

PJO back to its high of CAN$8.90 (+1.7%.)

Updating first post of this thread (29 Jan):

PJO has 83 mill shares equiv. BSG holds 79.5% of PJO.
Price of PJO: CAN$8.90 or AUS$10.478 (F=1.17736)

BSG has 280 mill shares. Price per BSG share ought to be at least:
83 mill *10.478*0.795/280= AUS$2.47

Current BSG price :AUS$2.26

So, instead of paying at least $2.47, the investor pays $2.26, an 8.5% discount.

In addition, he gets BSG's 100% owned projects in Mexico as well as BSG's cash (About $30 mill+ or 10 cents/share) without paying for those. These are free.

If he/she paid for all that, then the market value of the BSG share ought to be somewhere near $2.64 IMHO; the current price of $2.26 is then at a 14.4% discount.

I took the opportunity to increase my stake in BSG.

Subject to audit,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.