Sprott Resource Corp (SCP.TO) Message Board

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Gold/Mining/Energy : Sprott Resource Corp (SCP.TO)

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To: TheSlowLane who wrote (72)	4/23/2010 4:07:40 PM
From: Amark$p	Read Replies (1) of 247

from another board: this deal values Stonegate at $1/share x 132m (i got this workingbackwards from "SRC willown 75,662,000 Common Shares on closing of the Offering or approximately57% of the issued and outstanding Common Shares") that means Sprotts shares will be worth $75m, but since they have to fund$12m of this deal to get there, SCP's current Stonegate shareholding are being valued at $63m .... that compares to $32m value that i had penciled before in based on the 0.50 cents they used in the Paris Hillsacquisition. so while this Stonegate valuation isn't huge, it is adouble from what i had thought before, and should have added 30 cents to SCP today IMHO IPO closing next wednesday, so the deal is presumably all sold already

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