Timberline Resources Corp (TLRS)

[forgreen]

Mike

I think 15% is more than fair. Based on some inquiries I've made that seems obtainable on SMD's portion of the business. If that equals roughy $15M and the OS is increased by 10-20M shares, then an approximate way of looking at it is the acquisition could immediately bring in anywhere from .65 to $1.50 in earnings for each share of dilution. Factored into the whole OS after closing, that could means something like .30 to .60 in earning added to the stock. These are all very rough numbers, but my outlook is the acquisition of SMD will generate significant value for shareholders immediately and seriously boost the bottom line at a very good cost relative to the dilution that occurs.

I don't know what the OS will be, but I'm confident Guill is getting on board to get wealthier through equity with TBLC's stock rising aside from whatever cash is used to complete the terms. I believe this will be structured fairly to TBLC so they both get win-win and the stock can go up significantly as a result of a great acquisition done on reasonable terms.