RE:NAV discount geater than 70% and mine finance
This is tremendous value. If you look at the individual components, none of them have dropped more in the last year than this holding company and I include most copper companies as comparable. They all seem to have bottomed as well (hopefully for good) and have rebounded some.
Then you have cash which obviously does not go down in value which is something that a CSO or IPO does not hold. There was on top of that a discount that was already significant even when these things were at their top last year.
I understand the concept that a conglomerate or holding company should trade at a discount of maybe 20 or 30% (I still find that a lot) but, here it is completely ridiculous.