new math = US$.67 ** currently trading @ Can$.78 = US$.58
this US$.67 includes ONLY the "likely" amount to be distributed to shareholders... Thus, MOY now trading at 86% of the "likely" distribution to shareholders...
**excludes everything else..., i.e. cash on hand, 30% NEM shares retained, existing MOY gold properties, and NEM royalty... ____________________________ ________________________________ The new math with NEM stock price @ $32.25:
$20,000,000 NEM consideration $25.50 share exchange rate 784,314 total NEM shares to MOY *** 70.00% assumed % distribution to MOY shareholders 549,020 share distribution to MOY shareholders 26,414,014 MOY shares o/s 0.020785164 NEM shares per MOY share $32.25 NEM share price $0.67 arbitrage value of MOY share in US$ ________________________________ *** Note, the 784,314 shares have now been confirmed by MOY latest quarterly report (see page 2, paragraph 2):
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