MODERATOR RANDY'S GUESSTIMATE FOR THE PRESENT/FUTURE VALUATION OF FORTEM RESOURCES ACQUISITIONS:
NOTE: The chart below is a guesstimate... but corresponds to the valuation FRTM has ascribed to the acquisition agreements they made.
So far the base amount for these acquisitions has been $2 per share. AND KEEP IN MIND, these are initial valuations.
The value of the acquisitions will multiply as the properties are developed and the stock price increases.
It's my conviction that as each of these acquisitions are developed and reach their potential, they could each add a valuation of $20 per share.
Sounds crazy... but that's the beauty of multiplication.
Fortem Resources (Ticker: FRTM)
Date Recent Acquisitions Cost/Value Deal Value Est. Shares/”Book” Value
| Starting asset | 8 sections (5,120 acres) Viking play in Compeer Central Alberta | Guess: Appr. $10M | | 32,000,000 shares outstanding
|
| Private Placements | Multiple dates | .25-.70 per share
Average price: $.32 | $1,932,500 | Add appr. 6,000,000 shares
$11.932M / 38M Est. Book Value $.314 per share |
| April 11, 2017 | 20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta
| 21 Million shares valued at $2.00 Per Share (+3 mil more) |
$44,000,000 | Add 24 Million shares
$44M/59M =’s
Book Value: $.95 |
| Apr 17, 2017 | 165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah | 20 Million Shares valued at $2.00 per share
Plus Cash: $2.4 Mil | $42,400,000 | Add 20 miillion shares
$86.4M/79M =’s
Book Value: $1.24
|
| Apr 21, 2017 | Interest in 101,888 Acres of Oil and Gas Leases in the Mancos Formation, Utah | 20 Million shares valued at $2.00 per share
Plus Cash: $2.15 Mil | $42,150,000 | 100 Million shares
128M/100M =’s
Book Value: $1.41 |
| | | | | |
| May 23, 2017 | City of Gold, LLC and Indirect Right to Acquire Interest in Myanmar Mining Project | 15 million shares at closing and 15 million shares after exersise price of $7 Million Cash | $67,000,000 | Add 15 Million shares now: So 115M issued Add 15 Million sh. later Valuation then: $195M/130m shares Book Value: $1.50 |
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