Still below cash in the tillI had double checked and their cash in the till is about USD 0.47:
According to the last financial statement (30 Sep 06) on Sedar,
SVU had cash of USD 17,239,285 and short term investments of
10,766,138 this totals USD 28,005,423. That is USD 0.47676498...
per share.
(Total consolidated assets were $44,789,827. Minority
interest $172,208. Total liabilities were $3,703,594. Issued
and outstanding share count was 58,740,520. Warrants 8,571,429
exercisable at C42.00 Ex. 28 Jul 2007. Options 5,710,000 with an
average exercise price of C$1.17, expiring from 06 May 2008 to 04
Jul 2011. Fully diluted share count 73,021,949.)
It seems that all of the juniors with operations in China are in
the dumps; but it's really odd to me that SVU is selling for
below it's cash rate and as Argaiv said their fertilzer plant and distribution network must be worth something even if the mining license is forever SNAFUed up.