Looking @ Bottom Lines
Looking @ the bottom lines and using rough math; one can see
Bottom Line Assets = $168 Mil
Bottom Line Liabilities = $32 Mil
Total Assets = $136 Mil
$136 / 86 Mil shares out = $1.58 per share.
At least 50% of the tax liabilities will not be paid due to accounting rules; but I have deducted 100%.
If you add 5 cents per share for gains in Black Iron and
If you add 23 cents per share for gains in S&J NSM proper valuation.
This gives $1.86 NAV per ABB share.
Shares are trading at a huge discount, and even more so; when considering the private companies are valued very cheaply.