Replies to post #460 on Moydow Mines fka MOY

[amarksp]

Against my better judgement, added 15% more MOY shares at US$.76

At NEM $38.80, this values MOY at NEM distribution alone at C$1.59 as follows:

$20,000,000 NEM consideration 20,000,000
$25.50 share exchange rate $25.50
784,314 total NEM shares to MOY *** 784,314
distribution to MOY shareholders 100%
549,020 share distribution to MOY shareholders 784,314
26,414,014 MOY shares o/s 26,414,014
NEM shares per MOY share 0.02969309
$38.80 NEM share price $38.80
$0.67 arbitrage value of MOY share in US$ $1.1521
Can/US$ exchange $0.7249
Arbitrage Value in Can$ $1.5893

MOY consistently retaining a 33% discount to NEM share price it appears... i.e. C$1.06 vs. C$1.59 = 33% discount

Here is link for NEM to MOY comparison:
http://finance.yahoo.com/q?d=c&c=nem&k=c1&t=6m&s=moy.to&a=v&p=s&l=on&....
Since above link shows parity, 33% discount has been consistent.