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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Michael Brandon who wrote (4684)5/18/2000 9:30:00 AM
From: Dan Hamilton  Read Replies (1) of 5053
 
Thanks for the breakdown Michael. I assume your estimates are based what what the shares will be worth at IPO. In terms of current value, do you know if any of the companies had subsequent rounds of financing after ITE bought in? If so, an accurate current value could be assigned. In terms of IPO, I would guess that Elastic Networks is the candidate that could IPO soonest, given the current climate.

As for future value (at IPO), applying a 25% discount to your projected value of the non-cash assets would leave $18.5 million USD, plus $6 million CDN in cash = $33.2 M CDN. That works out to a per share value of $1.10.
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