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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: whiskeyjack who wrote (1197)	4/4/1999 12:42:00 AM
From: teevee	Respond to of 2006

whiskeyjack, Here is my guestimate on the potential value of the 16%: Assume a resource of 100 million tonnes so the 16% represents a resource of 16 million tonnes at say $500.00 Canadian per tonne. That adds up to an undiscounted in ground resource value of $8 billion dollars. Use a discount of 10% of in ground value. That equals about $800 million....Assuming Aber has about 50 million shares outstanding...it works out to a haircut of about $16.00 per share to aber shareholders....I don't think aber's director's and management liability insurance covers that much, but I'm sure a shareholder class action would take all of the cash and the limit of insurance. IMO, the loss of the 16% can only be attributed to breach of fiduciary duty and responsibility and is thus actionable by the shareholders. regards, teevee