"Given the Hillgrove pickup, it could be suggested that those exploration interests now come for free given Larvotto’s modest post Hillgrove market cap of $23 million."
pre-acquisition news M/C ~$10m
$23m (if that is the value of Hillgrove only) + $10m (the value market gave to other projects) = $33m
then post-CR $33m M/C = $0.15 (today's high?)
Ann: Transformational Acquisition, page-115
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