Followers | 15 |
Posts | 389 |
Boards Moderated | 2 |
Alias Born | 04/11/2006 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, April 08, 2010 4:50:44 PM
Medinah has 659,720,090 shares oustanding
Market cap of Medinah at .029 cents is 19,131,882 dollars
Cerro Dorado has 194,391,506 shares outstanding
Market cap of Cerro Dorado at .04 is 7,775,560 dollars
Medinah has approximately 28% of the land holdings in Chile
Cero Dorado has 22% of the land holdings in Chile.
That means Medinah has 23% more in land holdings overall.
With that said if you take Medinah Minerals land holdings and times by .77 you should get the proper market cap if they were trading in parity on this current joint venture in Chile based on Medinah's current Market cap.
Cerro Dorado's market cap shoud be 14,731,549 dollars
That means we should be at 8 cents if these 2 trade in parity.
I know Medinah has a side project. I am not sure what value that has currently to company. I assume it is small compared to the joint venture we hope to get in Chile.
Medinah definately has a tighter spread and more liquidity.
Once we finalize the deal it won't matter anymore.
Medinah has many more common shareholders. I remembering hearing numbers of 6,000 plus shareholders. Cero Dorado from my understanding has less then 500 if I remember it right. I personally believe with the smaller float and tighter hands the upside will be just as goood if not better for Cerro on any announcement.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM