RE:RE:One BillionMiners do not practice updating the NAV in this way.
It may even be illegal.
Otherwise a company could have 35 revisions over a few years.
Once in a while they wlll comment on the favourable gap but
seasoned investors and analysts are already well aware of the
trend.
Also. If you did a NAV based on $50 cobalt it might justify
a quadrupling of the NAV. In reality, if $50 cobalt does happen
then everyone knows that is likely to tumble during the ensing
6 to 24 months
mat