Sunman, I have been mulling over this calculation myself. I found it difficult using MEGS share numbers but here goes my calcs. SER 340 mil shares. $70mil CDN = $66.6mil Aud and this equates to =AUD 19.6cps Shareholders get 80% =15.7 cps. So I have worked on the basis that for every 100,000 SER shares held, no matter how many MEGA shares this equates to you have an investment of $15,700. So if MEGA achieves IPO and as with Northern and Focus jumps immediately to a 2 bagger your investment becomes $31,400 and so on.With ULEY and our world class deposit and MEGA's keeness to get into production we should out perform Northern and Focus IMO.
As for SER they hold 20% which is worth $13 mil. Their royalties once they commence are about $450,000pa which I have ascribed a value of $2mil. Cultana, Myall creek, Cooper etc etc I valued at $5mil and about $2mil in the bank. All up about $22mil or say 6 cents. Total $0.217cps. So it comes back to MEGA getting stuck into adding real value to ULEY and carrying out their proposed plans. With each jump in MEGA there should be a commensurate jump in SER. This could be a very lucrative deal but I agree with so many others that there are still many unknowns. I can't help feeling though that wealth will reward the brave...that's us holders Cheers all FC
SER Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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