NAV discount geater than 70% and mine financeSince end of December NAV of C$5.52 I calculated below. Both Inplay Oil and Corsa Coal all rallied greater than 10% so NAV even higher.
if I’m SRHI management I get the loan to expand MTV and use our US$20M in cash and aggressively buy back the stock here as return greater than 100% at these levels of C$1.20/share.