capped below post deal firesale value cash eqv

Shares on issue 114079111
add the 15c options on issue 9000000

Fully diluted shares/options on issue = 123,079,111



Conservative post deal fire sale value

Current cash = $8.77 million
Thor shareholding = 3000000 * .155 = $2.015 million (this does not attribute any value to their 7 million THR warrants)
First cash payment from deal = $3.0 million
ATV shares @ 1.00 share from deal = 2.0 million

Total = $15,786,000

Divde by no. of shares above gives 12.8c per share.

This does not include the additional $10 million to come from the sale over the next three years which would add another 9c per share bringing the 'fire sale' value to over 20c per share.

This does not include any valuations on any other tenements and does not include any valuation for their THR warrants.

(Hopefully I've got my maths right lol - dyor).