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Re: None

Thursday, 10/07/2010 2:42:10 PM

Thursday, October 07, 2010 2:42:10 PM

Post# of 35736
AUMN - Valuation Question

In round numbers I think this is the math after the PP:

We will have approx 14 million shares out with no new warrents.

Add $75 million to the $40million in the bank for a total of $115 million.

$20/shr x 14 million is $280 million total valuation less $115 million cash is $165 million for properties.

I was fearing $15 price for PP and hoping for $18. $18.50 is fine with me!

Comments?

Kipp

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