As of now, we don't have a well putout projected operational cash inflow statement for the near future which will make it difficult to calculate the value of the stock using the traditional way by finding the present value of future dividend payments and what not. So it comes down to valuation of the company.
However, after the cash infusion, almost all the company's asset will be $cash money$. This will make the stock valued at equal or better than the book value.
As of Aug 30, 2012, the company has net tangible asset roughly -3,200,000. They would probably incur some closing costs, lawyers and other general and administrative costs which I would roughly estimate $2mil(could be more or way less; it's a random guess). Of course the company has total asset of $252K which is negligible as compared to $90+ mil, so I ignored it.
In total, after the company settles debts and covers all expenses, there will be roughly from $93mil-$95mil on hand. When you divide this numbers by the # of outstanding shares, the book value would be some where around $.9 give or take a dime.
$.9 is a pps that the stock will attain with ease fundamentally speaking. You may ask why? Because for value investors, anything below this number(undervaluation) is a buy(bargain) and they are not willing to sell for anything less than that.
Then comes all the investor sentiment and what people like us think where this company is headed. Unfortunately it is hard to calculate that, at least for me. It could be positive or the other way around. If you ask for my opinion, I think it's positive. I will say this though. Everything will depend on how aggressive the management is and how quick they get to work to get some gold out of the ground. We don't know whether they have a well putout plan and if they are prepared to act fast. Do they have the right people who know what they are doing? I don't know. Of course with
$90+mil cash, they can put together a good team and move forward.
This is amateur work, and I hope you are not looking for a precise number.
