Moydow Mines fka MOY

[amarksp]

thanks bayview...

Yep, finished reading the annual reports and filings... Bunch of mystery here yet to be answered.

Fully diluted shares = 31.6M
Market Cap @ US$.55 = $17.38M
Proven/inferred ounces thus far disclosed @ 50% = 550oz
Market Cap per ounce = $31.60

Not too dear a market cap per ounce given that NEM is already committed to being their JV partner, and thus the reserves will be mined. Plus, MOY has the option to purchase a pro-rata part of the mining/milling infrastructure should NEM try to drive too hard a bargain..., at least that's the way I read this part of their disclosures. Any comments here, i.e. the leverage MOY has to negotiate a good deal...

See their latest PP in July was @ $Can.80, but these were flow through shares... Do you know whether insiders participated in this placement and whether the Kiernans' participated? MOY seems like a decent speculation, I took a small position...