the tkg transaction worked out to about 29 cps.$60 mil - $3.35...

the tkg transaction worked out to about 29 cps.

$60 mil - $3.35 mil in cash = $56.65 mil worth of shares
$56.65 mil / 195 million shares = 0.2905 = 29.05 cps

Remember we are assuming tkg's 25.4% of hampton is worth the SAME as barrick's 51% of certain LC tenements. So if tkg got $60 million then barrick will also get $60 million.

If the shares are being given closer to market value then this is the sort of dilution we are looking at.

$60 million @ 30cps = 200 million shares
$60 million @ 32.5 cps = approx 185 million shares
$60 million @ 35 cps = approx 172 million shares
$60 million @ 37.5 cps = 160 million shares
$60 million @ 40 cps = 150 million shares

Personally, i think tkg's 25.4% of hampton is worth more than barrick's 51% of certain LC tenements but what do i know.. I'm very happy to be corrected on anything and all input is welcome.