MPVIF Mountain Province Mining Message Board

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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: Larry G. who wrote (907)	6/10/1998 7:33:00 PM
From: Tomato	Read Replies (2) of 2577

Anyone familiar with the numbers care to crunch them? The Midland-Walwyn 63 page report estimates that for a project that's about as far along as MPV's, 16% of the in situ value is what the market is paying up (as of February). Are we figuring 40 million tonnes @$200/tonne, or is that too high? Here's a very rough estimate based on what little I know: 40 million tonnes @ $200/tonne= $8 Bil MPV- 42 million shares O/S (probably more since Feb??) $8 bil/42=$190 per share MPV's % of the project- ??? is it 40% with Monopros 60%? If so, then .4X $190 = $76 .16 of $76 = $12.16 Chime on in and correct me. $12.16 sounds good to me. BTW, are the valuations in Canadian or US? I assume Canadian.

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