From below we can see AAB investment portfolio is worth $123.7 Mil on 86.7 mil shares out or $1.43 per share.
The S&J gold royalty is worth $44 mil at $850 gold and at least $50 mil at $1300 on a very conservative basis.
Adding $50 Mil to $124 Mil gives us a AAB value of $174 Mil or $2 per share.
This gives the warrants a value of $1 per share, before dilution.
With 40Mil warrants out =
NAV= 124+50+40= $214 / 126.7 = $ 1.69 per AAB share. (Aprox)
Clearly both AAB & the warrants are extremely undervalued.
Especially when considering the great projects AAB have in the pipeline ready to be listed.
Also Longford is one of the best oil plays in the market that has yet to payout; LFD will be a big play.
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The value of Aberdeen International Inc.'s investment portfolio as at Jan. 31, 2011, the end of its 2011 fourth fiscal quarter, was approximately $123.7-million including a cash balance of $14.4-million. This equates to a value of $1.43 per share based on Aberdeen's investment portfolio alone and does not include the value of its gold royalties.