Replies to post #6 on Alamos Gold Inc (AGI)

[marcos]

Calculation of fully diluted share count for new Alamos -

aas
27,499,647 - issued and outstanding
02,600,000 - total options
12,521,617 - total warrants
--------------
42,621,264 - fully diluted shares for Alamos
21,310,632 - fully diluted shares divided by 2

ngt
17,578,983 - issued and outstanding
01,582,000 - total options
05,037,783 - total warrants
--------------
24,198,766 - fully diluted shares for National
10,288,590 - fully diluted shares divided by 2.352

21,310,632 - aas
10,288,590 - ngt
--------------
31,599,222 - total fully diluted shares for new Alamos

It will be observed that considerable cash comes in on full dilution, i haven't computed that yet, too busy giggling over tonight's move in the Pog ... but, there will be 31.6m f.d. for Alamos Gold, unless i screwed up somewhere?

Just for laughs, let's imagine the 2.9m ounces or so drilled off to date at Mulatos actually turn out to be 3.16m ounces, stranger things have happened ... then, each ten shares in this thing would represent one fine ounce of gold ... in the ground of course, but it won't be there long, will it

[marcos]

Calculation of cash to treasury on full dilution of existing options and warrants -

aas options
1,000,000 $0.50 July 22, 2007 = 500,000
1,265,000 $0.58 June 3, 2007 = 733,700
200,000 $0.32 Feb. 5, 2007 = 64,000
135,000 $0.65 June 8, 2003 = 87750
total = 1,385,450

aas warrants
6,000,000 $0.20 April 11, 2003 = 1,200,000
186,667 $0.20 April 11, 2003 = 37,333
1,050,000 $0.28 July 19, 2004 = 294,000
73,500 $0.28 July 19, 2004 = 20,580
4,985,000 $0.45 July 22, 2003 = 2,243,250
226,450 $0.45 July 22, 2003 = 101,902
total = 3,897,065

ngt options
275,000 $0.20 February 23, 2005 = 55,000
100,000 $0.27 October 2, 2005 = 27,000
75,000 $0.35 November 23, 2005 = 26,250
612,000 $0.19 April 25, 2006 = 116,280
400,000 $0.19 April 26, 2006 = 76,000
120,000 $0.15 July 26, 2006 = 18,000
total = 318,530

ngt warrants
310,583 $0.45 December 31, 2002 = 139,762
1,462,200 $0.35 April 25, 2002 = 511,770
1,900,000 $0.25/0.35 September 21, 2003 = 665,000 [.35 applies now]
865,000 $0.25/0.35 October 31, 2003 = 302,750 [.35]
500,000 $0.25/0.35 November 1, 2003 = 175,000 [.35]
total = 1,794,282

1,385,450 - aas options
0,318,530 - ngt options
3,897,065 - aas warrants
1,794,282 - ngt warrants

7,395,327 - total cash on full dilution ... divided by 31.6m outstanding = cdn.23/sh ... plus there's a little in the kitty now, around 1.5m[?]

[marcos]

This is all wrong guys ... appears to be anyway ... on page 4 of the fairness opinion [which is in the big amalgamation document], Finisterre says that on 4 Nov ngt had 30.4m outstanding, and 46.1m fully diluted .... aas had on 6 Nov 32.6m issued and outstanding, and 52.9m f.d. .... i can't believe McKnight of all people would get this wrong, but i can't figure out where i went wrong, i copied and pasted directly from the sedar stockwatch documents whose links i put in this post referred to here .... it's the reporting lag maybe, the period covered was prior to placements ... ? ... dunno, haven't figured it out yet

Anyway, the previous two replies to this post will be incorrect as well ... quite a few more than 31.6m f.d. on the newco .... sorry about that, i should have delved a little deeper before posting