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Gold/Mining/Energy : Silver prices
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To: Ray Hughes who wrote (867)3/11/1998 6:00:00 PM
From: paul ross  Read Replies (1) of 8010
 
Ray-

I am a little lost trying to do the figures based on your model. Given the following figures:

23.8 M shares (not sure if fully dil. no.)
650 M ounces silver total
334 M ounces @ Dukat (70% of 477 M ounces)
483 M assumed ounces ( 650 - 1/2 of 334)
20.2 ounces per share
6.12 per ounce of silver
8.62 price per share
31.9 M cash

Market cap (205.16M) less cash (31.9M) = 173.26M
So this is option premium. I'm not really sure where we go from here.

PR
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