merger calculations - todays adu holder loss, page-4

Nov. 7, 2011, 6:36 p.m. EST
Adamus Resources Plus Endeavour Mining Equals Perfect Synergy

"Without the merger, Endeavour's estimated production to end 2011 would be 84,000 ounces, whereas Adamus' would be 88,000. Combined, the production of the new entity is 172,000 ounces, with an estimated cash cost per ounce of $575-$625.

By 2013, with the anticipated production of Endeavour's Agbaou Mine in Côte d'Ivoire, the partnership will eclipse the 250,000-ounce gold production mark and have a combined resource of 3.5M oz, thus truly putting the new entity in a new room of peers"

http://www.marketwatch.com/story/adamus-resources-plus-endeavour-mining-equals-perfect-synergy-2011-11-07