Nymet Holdings Inc. (fka NYMH)

[Captain Caniption]

Great help to see this QC Deed. Thanks Tim.

By my math:

If 8,802,104 shares equals 13.5% of the issued and outstanding shares (as mentioned in the deed) then there were 65,200,700 issued and outstanding shares total as of the signing of that document. If this is correct then the info box could be updated to reflect that.

Now I'll speculate a bit. Let's say I own the Saturday Night mine and have an offer like this. If the $750 million in gold reserves is correct and I think I can net 25% of that after mining it all, I'd end up with $188 million in profit. In order to net that much under the sale I'd need to foresee the share value to be around $21/share ($21/share x 8.802 million shares = 184.84 million). The 25% net figure on mining is pulled out of the air but you see my point. Even if the net profit on mining is only 2.5% I would still only need to foresee a $2/share price to make the deal work. My overall point is that the Saturday Night LLC folks saw some significant upside to this company AND Mr. Beebe and company saw enough upside to the mine to invest $2.26 million of their own cash to get the asset into PHGI. These are both very positive indicators to me about this stock.

Do you own DD and "never outsource your thinking". GLTA