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5/3/16

First Mining Finance (FF.v) math

From today's deal NR with Chalice:
"...First Mining has agreed to acquire Cameron Gold Operations Ltd., a wholly-owned subsidiary of Chalice (the "Transaction") which owns the Cameron Gold project located in Ontario in exchange for 32,260,836 common shares of First Mining..."
And:
"The deemed value of the Transaction is approximately $13,000,000..."
Therefore we can state that according to both Chalice and First Mining, shares of FF.v are worth 40.3c each.

And according to the everso everso sophisticated investors that are buying up FF.v shares at the behest of Ameduri and his paid pump, FF.v is worth 81c per share as per yesterday's close.

Is it just me, or do you think this is all going to end in tears too?