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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Valuing the Wega - Infinity Proposal

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NorthLion

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Valuing the Wega - Infinity Proposal

posted on Nov 14, 09 12:16AM

In the proposal it talks about the $3 million debenture being replaced with 12.6 million new shares of Merit. That puts a valuation of approx. $0.238 per share on those shares.

The other part of the transaction is where Avocet sells its 58% stake for $1,590,000. Based on the recent share count after the 50:1 consolidation (new OS of 4,344,729 shares), Avocet's 58% stake would be approximately 2,520,000 shares. A price of $1,590,000 for those 2,520,000 shares works out to approx. $.63 per share.

I am not sure if I have all of the math right here in these calculations - feedback (and correction if needed) is very welcome.

JMHO.

NorthLion

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