Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: grampa who wrote (10464)	11/1/2003 10:14:27 PM
From: Andrew	Read Replies (1) of 10482

I dont really have a solid target price but assuming PDG puts up 1.3 billion USD to develop Cerro Casale for 51% of the project could this not put a simplistic valuation for Arizona Star's 25% share at about half of that? Say 650 million USD / approximately 40 million shares. $16.25 USD or times 1.3 = $CAN 21.12 I mean I don't know if PDG will buy AZS for sure but if they develop the project I'd love to hear one solid reason why they wouldn't.

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