Ann: Heads of Agreement to Acquire 80% of Gold Ridge Mine/Project, page-26

What the mine was worth and is worth are two different things altogether.
Clearly the mine has run at a loss in the past but very well may run at a profit in the future.
What is so significant about this deal is that FNT is getting 80% of the value of the infrastructure that I think is worth about 100 million.
As announced 30 million is to be raised and spent on the plant site with other associated costs.
Putting a value on this stock will be difficult because a lot of money needs to be raised and at what price?,also FNT will be paying for security and labour from the finalisation signing by the end of this month.
Frontier will need to start raising cash fast and that could be as much as 50 million by the end of the year with a initial raising at maybe 0.005 cents.
Once capital has been raised I come up with a share price of 0.016 cents based on just the infrastructure value if 30 million is raised at 0.005 cents a share,so over the medium term a really good deal for FNT holders.