Long Run Explor Ltd Ord WFREF

High Book Value after dilution of $2.42 per share

[kdog1ca]

From their June 30, 2015 financial statements.

$1.823 billion in Assets less
$1.181 billion in Liabilities equals
$642 million in equity divided by
193 million shares equals
$3.32 per share

Now lets add the 155 million shares and $200 million dollars

$642 million in equity plus $200 million dilution equals
$842 million in equity

193 million shares + 155 million shares equals
348 million shares

so...

$842 million in equity divided by
348 million shares equals

$2.42 per share

and the $200 million injection takes them out of their liquidity problems.

Time to buy LOTS and put it away in the sock drawer for a year.