Here is roughly what a shell is worth as of a few weeks ago

Here is how I would calculate the value of a junior company given current market conditions. The average capital pool company (clean shell) looking to complete a qualifying transaction as of todays date has a market cap of $885,000, $583,000 cash in the bank, and about 6,900,000 shares outstanding. What this tells me is that a clean shell with 6.9mill O/S should have a market cap of about $300,000 plus cash on hand.