RE: Cash in Presentation vs. Cash on hand...Sedar data:
From Interim finanical statement issued April 28,2008
Cash & cash equivalents: $4,368,811
Shareholders' equity: $16,218,070
Liabilities: $215,933
Share outstanding: 44,019,220 shares
Book value per share: $0.37/share
Cash: $0.10/share
With very little liabilities, So, if the company is dissolved today, let alone the properties, every share is entitled cash of 0.10, pretty amazing, right?
This is a steal, at this price.
By the way, I bought some today.