NAV and cashHI Method....
Not to make you do all the work but... interested to know the NAV, but also the amount of NAV in cash. Used to be $16m out of $26m when I started to buy years ago... assume much lower now on both accounts. Back then I was buying at under cash and getting the portfolio for free, but obviously has not worked out as the price was 66 cents or so.
But since the golds and juniors are still in a downtrend with no sign of a bottom, it is the cash that will cushion us.... unless they spend it all.
Also, if you know the burn rate that is important too.
Might a good place to park cash, but can't rely on mgmt to actually do anything sadly. As someone said, what is the incentive to merge and cut costs in half? There should be one but doesnt seem to be. SHoudl mgmt fees not be based on assets and therefore they would not be reduced? Just admin costs...
thanks