re scx, page-3

Would be good to know who is interested in it.

OK, I have based my assumptions that we have:

50,000,000 SCX
66,000,000 SCXA

Approximate M/C $13mln

Bigryl 14.3mln lbs

715,000 lbs

If comparing it to recent T/O of OMC by Denison which valued them @ $1.44 a share @ $16.20lb.

If we were to base the same criteria @ $16.20lb values the shares @ .10

There would also be a premium on top of that depending on how fierce the competition was to acquire the 5% stake.

The premium may be another .3 which would take it to .13

Cheers markco2