1,600,000 = 100 % 160,000 = 10% 16,000 = 1%
There are 32000 ounces in one ton. Therefore, 1600000 ounces is equal to 1600000/32000 = 50 tons.
There will be 80000 shares (=1600000/20) at a price of 7 dollars (0.35*20). In the end the market value of the firm will be the same.
40% of 1.6 million = (40/100) x 1600000 = 640000
1600000
1600000
72727.2727
1600000
1.6 * 10^6
1600000
2000000
20% of 20% is 4% (=0.04)