Book ValueI have been long on Temex for several years now. Even when the sp was in the 20's it seemed to be a bargain. Drilling has consistently been producing positive results. I am surprised that the Book value is reported at .02 Is that because the value of the gold in the ground is not included in book value until it is proven?
Looking at other juniors, some I have positions in, it seems that by comparison Temex is vastly undervalued....but how does a .02 book value figure into that? Is it just a matter of the market being sour on Gold juniors?