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
SCX
southern cross exploration nl
Would be good to know who is interested in it.OK, I have based...
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