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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (26285)	1/3/2004 2:45:56 PM
From: marcos	Respond to of 39344

This is wrong, backwards ... should be - 'rough figuring, if you take the 20m for an half interest as giving enterprise value of 40m total, ' then current market cap of xcl exceeds its half 'by quite a bit' .... xcl having about 75m shares f.d. [? - can't recall, could be 80m], so f.d. market cap is around cdn60m at the moment .... failure to proofread, duh ... ulc.v will trade well above a market cap of what they paid for half of Sleeper, so figuring like this is of limited value, still it is an easy place to start [edit] - it is usd20m ucl is paying, ~cdn27m