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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries
CY 23.820.0%Apr 16 5:00 PM EST

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To: donkeyman who wrote (2232)9/8/1999 10:23:00 PM
From: LABMAN  Read Replies (2) of 3243
 
my rough valuation of Cybersurf is as follows,based upon the NETZERO
MODEL

the average subsciber to a free ISP is currently worth $ 612 US dollars if one uses the NETZERO valuation for the IPO.

therefore convert $ 612 US DOLLARS to Canadian = 612 x 1.3 = $ 795
the current no of subscribers for CYBERSURF is approx 130,000
therefore net value of subscribers to cybersurf is 130,000 x 795
=$103.35 million
total no of shares approx issued 20.5 million
which gives a value of approx $ 5 a share,

with the TORONTO launch in the late fall, expected number of subscribers in the TORONTO REGION 250,000
add 250,000 to the current 130,O00 = 380,000
380,00 x $ 795 = $ 302 million
$ 302 million divided by the current no of shares of approx 20.5 million = $ 15 a share, the value of this would decrease slightly
if CALLNET increases ownership
of course all calculations are off if they enter the US mkt .
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