Ann: Marquee to acquire High Grade Cobalt Projects - Canada, page-34

Heres the break down...

CURRENT STRUCTURE

SOI - 24mil (6.5mil of those escrowed till 2019)


TRADABLE - 17.5mil

OPPIES - 9m 30c ops unlisted  = 2.7mil
  8m 20c ops listed = 1.6mil

CASH - 2.1mil + 4.3mil (oppies) = 6.4mil



STRUCTURE AFTER THE DEAL

SOI - 35mil (6.5mil escrowed)

TRADABLE - 28.5mil

OPPIES - 9m 30c ops unlisted  = 2.7mil
  8m 20c ops listed = 1.6mil

They've effectively payed ~1mil in cash for the project's' and ~11mil in shares. Leaving them with ~1mil cash

CASH - 1mil + 4.3mil (oppies) = 5.3mil


UNDILUTED AFTER TRANSACTION @35c

SOI - 35mil
MC - 12.5mil
CASH - 1mil
EV - 11.5mil


FULLY DILUTED @ 35c

SOI - 52mil
MC - 18.2mil
CASH - 5.3mil
EV - 12.9mil

Comfortable a 25mil - 35mil stock with how advanced this is.

Looks like theres some resistance from a Sub holder leaving, once his been washed away it should move up to more reasonable value.