This is great news for shareholders.
It will mean that China will end up paying the maximum amount of $20 million US for KOKA South !!! The agreement states that KOKA South will be on sold for a max of $20 million provided that there was further gold intercepts. This just proves there is!
The tax on the $20 million at 38% tax = 7,600,000
So shareholders or company will receive $12,400,000 from KOKA South
That equates to about 5c a share!!! (250,000,000 shares x 0.0496c = $12,400,000)
That's roughly a 19% return from the share price at the moment!!!
(0.26 x 0.19 = 0.0496 +0.26 = Giving a share price valuation of 0.3096 or 31c a share !!!
The share price does not even reflect the $100 million already that Chalice will get for the main KOKA Gold mine.
This is great news for shareholders.It will mean that China will...
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