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Re: deadcatflounce post# 57873

Friday, 07/17/2009 12:42:55 AM

Friday, July 17, 2009 12:42:55 AM

Post# of 165854
For a rough approximation, take 10% of tajitj's calculations, and then divide by 734 million outstanding shares. Some here have argued that 10% may be a bit high, but according to tajitj, it is how similarly situated juniors have been valued in terms of market cap based on proven reserves . So, based on the minimum provided by tajitj, we are looking at .30/share. Again, that is probably the minimum pps that we will see after the NI. Also, keep in mind that tajitj's minimum calculation deliberately excludes any of the Dominion Gulf data, and it's just Zone D.