RE: INFO from YE Fin Stmts
I see in the Annual Fin Statements they still value the S&J NSR at $28 Mil using $850 gold.
Say gold is at $1450 = $600 or 70% above ABB calculated NPV of NSR.
Using rough math; $28 x 1.7 = $47.6 Mil
So AAB has under valued NSR by 47.6 – 28 = $19.6 Mil
= 19.6 / 85.9 shares out = 23 cents per AAB share