Just had a look into this deal:
20% Cibaliung royalty remains with no more or little to pay. That means at its expected annual production, 70000x20%oz gold would be worth about 14 millions per year at current gold price. It will be equivalent to 10c per new ARX consolidated share. This is one project along. If the PE is 10, the share price will be at least for 1 dollar at the end of 2009.
What is the price now? It is 30c!
From past share price history analysis, without Cibaliung project, its price would be around 1.5 dollars on average for the new consolidated shares equivalent. Now the burden is gone.
Just had a look into this deal:20% Cibaliung royalty remains...
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