Mart Resources Inc MAUXF

RE:RE:NAV

[jd43xl]

Whitehell wrote:
the Nav calculation has nothing to do with assets and liabilities. I think you might want to go take another look at their lastest reserve report...

and for your information, the NAV for reserve booked (after tax) as at december 31th, 2013 is as follow :

discounted at                   0 %              10 %
1P                               388 MM$        300 MM$
1P+2P                         551 MM$       400 MM$

That is why it's trading as high as it does. That, plus the fact that most thinks their is much more actual potential than the actual booked NAV, but that is another discussion...

Later
White
 

Uhhh, you kindof forgot about the debt and other liabilities. The NAV is not just made up of assets.