RE:RE:Market CapBook Value is staight forward. It is the amount of equity in the company after all liabilities or debt obligations have been taken into account and presently sits at $8,909,477.
When you divide by this amount by the number of shares you arrive at $0.436.
The stock is trading at a huge discount to its book value.
Consider for one moment that mobile equipment alone was valued at $3,340,681
Current assets were almost equal to current liabilities $8,903,795 vs. 8,559,903
Non current liabilities sat at only $287,506.
And then there are the other assets land, buildings, equipment processes agreements and do not forget their explosives licence. Last and perhpas least their is the Melba property which has been optioned to a relatively unheard of Telluriton.
I would agree with Ab that this company is deeply trading at a deep discount to value. We need to replace several members on this board and perhaps the CEO as well. They have not done well for their shareholders.
B&D