Northern Empire Minerals (NEM.V) Message Board

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Non-Tech : Northern Empire Minerals (NEM.V)

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To: jrhana who wrote (23)	6/3/2003 5:14:05 PM
From: jrhana	Read Replies (1) of 92

Some rough napkin/calculator figuring shows (at least to me) that the market value for NEM.V may be quite reasonable. In many guestimation here I assume that BHP basically knows what it is doing and how much these projects might be worth. First Aviat: they are paying 7.125 for 20% of Aviat. However really they are paying 11.125 because SWV and NEM are being relieved of a $4,000,000 payment. biz.yahoo.com This places the value of the Aviat project at about $55,625,000 of which the new combined company will own 70% or say 38,937,500 or even it out to 39 million Now BHP has agreed to pay $3,000,000 for 14% of Churchill making that project worth about $21,428,500 NEM will own 35% of that deal so their share is worth about 7.5 million biz.yahoo.com So NEM's interest in the two projects should be worth about 46.7 million Thye combined market capitalizations of NEM and SWV today at the bell are 45.7 NEM is I believe debt free I am not sure of this or of SWV. There are other factors such as the $750,000 NEM needs to pay to maintain its 35% share of Churchill and there are other complications to the deal which I believe work to NEM's favor In addition NEM has other projects. A little profit taking today but if theses guys prove up their diamonds I believe we will do very very well. Found this over on the bullboards about Canada's fledgling diamond industry: stockhouse.com As I continue to follow my lonely task of apparently talking to myself as the only poster on a hidden thread in the apparently non-existent forum of Non-Metallic Mining. I am not only close to the sole poster here on this thread but on the entire forum. <g>

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