Higher NAV than expectedUnfortunately it seems that Metal Pages had some problems with their calculations when they state that prices were up 33 & 40% for Dy & Tb oxide.
When I got to look at not only the price increase (non payment available here
https://www.metal-pages.com/metalprices/rareearths/ )
They seem to have divided the price increase with the resulting price rather than the previous price so we got our Metal Page estimate wrong.
When we looked at the numbers they were as follows:
Dy oxide FOB: 985 to 1485 usd up 51%
Tb oxide FOB: 1740 to 2910 usd up 67%
Our new estimate for NAV according to Metal page numbers is 1.40 C$ before dilution.
78 cents yesterday, looks good for further gains. Remember there is no other real vehicle to get heavy exposure to these shares + we have the support of the company on the buy side when we trade at a discount. To me it simply looks very good and I expect larger investors to get increasingly interested as the value of the portfolio grows rapidly to 100 musd and beyond.