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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Ray Hughes who wrote (873)3/12/1998 11:54:00 PM
From: Claude Cormier  Read Replies (2) | Respond to of 8010
 
<<
1. 500 mil oz / about 30 mil shs (ful. diluted) = 16.6 oz/share
2. $9 share price minus $1 /share cash = $8 silver premium / share
3. $8 premium per share / 16.6 oz per share = $0.48 per oz
4. $0.48 / $6.25 silver price = 7.7% silver premium
>>

Keep in mind that PAA also has above 1M ounces of gold with Oroperu..this is worth at least $25M...