emma, not confirmed yet, but it seems that the scrip offer will be 1 SLV share per 10 SXM shares, approx value 10c----11c per SXM share going on current trading price of $1.00---$1.10 per SLV share, Go to ASX website under SXM as any changes will be posted there, all this could change at anytime until the offer is confirmed. Hope this helps, all the best Platman