.009/.012 CASH!!! Todays PR's makes this even more possible.
IMO
Potential pricing for this sale
FFGO filed an 8K back on Jan. 15, 2009 that gave details for the sale of both Bouse and S. Copperstone to Hurasu Resource Corporation. Now I know that sale did not go through, but I am using the stated sale prices as a starting point.
They were going to pay (in shares) as stated in the 8K:
$0.76 for every 1 share of Bouse, = 510,537,026 shares x .76 = $388,008,139.76
$0.25 for every 1 share of S.Copperstone = 1,030,421,001 shares x .025 = $257,605,250.25
The price of gold in Jan 2009 was about $920.00
By doing the math we can determine a quantity of gold represented by the total sale price of the stock, and that gives us:
421,748 oz of gold at Bouse ($388,008,139.76 / 920 = 421,748)
280,006 oz of gold at S. Copperstone ($257,605,250.25 /920 = 280,006)
I've seen estimates that show much higher quantities. See Texans posts..he has done great DD.
Current sale:
The Company can confirm that the sale of its 510,923,545 shares of Bouse Gold, Inc. Common Stock and its 1,030,421,001 shares of South Copperstone Common Stock will not equate to a net amount that equates to an amount that is lower than the amount of US$0.003 per share of the Company’s Common Stock.
Stated gold price for this sale = $1050.00
Bouse 421,748 oz x $1050 = $442,835,376.90
S. Copperstone: 280,006 oz x $1050 = $294,005,992.13
Add the two together = $736,841,369.03
Current FFGO A/S = 75,000,000,000
$736,841,369.03 / 75,000,000,000 = .0098 PPS adjust for current gold price say 15% as stated in the latest PR = .0113 PPS – outstanding loan notes and accrued interest.
.009 to .012 CASH!
JMHO
AI
