Treefeed Please correct me if I am wrong about if your post scenario eventuates GXY would raise $245,000,000 and if all options were converted their would be enough funds raised to pay out bondholders and banks and leave about $60,000,000 cash and according to GXY management significant assets Jiangsu plant, Mount Catlin Mine, Sal de Vida and James bay Based on 3,646,836,754.00 shares and the $60,000,000 cash if the assets are valued a $300,000,000 ==10 cents $400,000,000 = 13 cents $500,000,000 = 15 cents $600,000,000 = 18 cents $800,000,000 = 24 cents If Jiangsu is running 100 % value may be $250,000,000 to 300,000,000 Other assets not clear Mount Catlin may be $80,000,000 to $100,000,000 I am not sure of the value of James Bay and sal de Vida and would welcome comments
GXY Price at posting:
5.4¢ Sentiment: None Disclosure: Held