DROOY Durban Deep- Best S. African Mine Message Board

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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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To: Chispas who wrote (546)	10/23/2000 12:12:02 PM
From: baystock	Read Replies (1) of 851

This Oracle character must be smoking something powerful, if he thinks DROOY will be acquired for a 500% premium. What an idiot! <<Average Acquisition Cost of Production of the Four Acquiring Candidates applied to DROOY is $8.87. And weighted at 75% is equivalent to $6.65. Average Acquisition Cost of Reserves of the Four Acquiring Candidates applied to DROOY is $25.11. And weighted at 25% is equivalent to $6.28.>> THEREFORE, per my valuation method the practical acquisition value of DROOY is $12.93/share (6.65 + 6.28)… rounded to $13/share.

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