Sprott Resource Corp Ord SCPZF

hmmmmm

[greener12345]

Sprott Resource Corp, Net Asset Value update

the bottom line first: Sprott Resource Corp (SCP:TSX) net asset value is now $3.61 and the stock is trading at 2.97 which is a discount of 17.7%. the value is mostly cash ($175m), significant gold/silver ($73m) and some very smart smaller public and private investments ($45m).
march 31
gold C$968 x 40,475 = $39,180,000
silver C$12.75 x 1,783,013 = $22,733,000
total = C$61.9m metals, recorded at cost

june 3
gold US$966 / .90 = C$1073 (+10.8%) (43.4 total) (+$4.2m)
silver US$15.25 / .90 = C$16.94 (+32.9%) (30.2m total) (+$7.5m)

total value up $11.7m since 3/31 on 81.8m shares = 0.14 NAV increase