St. Elias Mines

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Re: SP History on Takeover's

St. Elias Mines

over 13 years ago

in response to hogtown6's message

We could try to build a chart for people & put in Link Lib. My comparison was Andean, and the number of outstanding shares was in our favour.

Works the other way as well:

Everyone has heard of Arequipa, and it's another good story, they went for approx $30 per share, on a Barrick deal. Well this case is the opposite, they had only 33.3 Million shares So you have to multiply by 0.2775:

$30 X 0.2775 = approx $8.33 per share SLI Comparable.

But, keep in mind this was 1996, and gold was approx $400 per OZ, not $1500

I still feel Andean is a better comparison (not just due to the SP) but it is 2010, not 1996

Still, quite small amounts of OZ in the gound, compared to what so many of us feel we might potentially have.