Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Amark$p who wrote (49275)	9/19/2007 11:13:53 PM
From: tyc:>	Read Replies (1) of 78419

Good work on EPM amark. However, when you apportion the cash flow to each share, don't you think you should use the fully diluted shares ? After all, the benefits of cash flow are going to be ultimately distributed equally among all shareholdings, including the exercised warrants and options. As I understand it, fully diluted shares total 436 MM; that's significantly higher than the shareholding you use. Is there an argument that justifies the use of the lower total ?

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