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dr_airtime

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dr_airtime

Re: dr_airtime post# 32311

Tuesday, 04/19/2016 12:20:11 PM

Tuesday, April 19, 2016 12:20:11 PM

Post# of 35713
PRU.TO Correction.

Got a bit excited and took $CAD google finance market cap at face value (it is typically bang on but not updated for Merger).

Need to use post-Perseus-Amara shares which will be 815.2M per latest presentation, multiply by $CAD 0.56 share price and then divide by 1.28 USD/CAD for USD $356M MC. Subtract USD $125M in working capital for USD $231M enterprise-value-to-acquirer compared to Edikan USD $278M pre-tax NPV10% @ $1200 gold.

Still undervalued on Edikan and you get Sissingue and Yaoure for free.

That is at at current CAD SP of $0.56 which is up 13% since my post this morning so I hope everyone listened and bought last week or in the month before that!
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