FNR'sNAV/???Asset Values TO add in the challenge discussion on FNR's NAV - I do believe Buybelow was liberal in the $5 to $10 mil value for equities - I would subject or exclude about $3 mil plus from the asset values:
Nucoal - Forget it - its Dead - NO value.
Troy Energy - No Value to this supposed "Hot Central American Oil Play" - its been Halted for some time.
Grafton Resources - this one I questioned from day one - go to their website try to figure out the real value - this wa sone of those "Brillant/Genius" moves of Tom, when in London, from what I was told, please correct me if I am mistaken, Tom met MGMT of Grafton, Big Shots, agreed to a stock swap of Liquid FNR shares, with value at that time, for Grafton Resources, not liquid. They say they trade on the Irish Exchange???? - NO VALUE this should be writtne down.
Then we have other investments both private and public that a hard look at these Assets will raise ??? and why investments were made???
All in my humble opinion.