RE:RE:RE:RE:RE:Sitting Duck for an unsolicited take-over offer StewartCatso wrote: This is what the market is saying...not me
Although the market has given Bisha a Value of approx $65 Mil (20%) of NAV the Chinese or any other entity would bid between 60-80% of NAV ($192 to $256) minus $42 Mil for the environmental liabilities.
| NSU |
| Deposit or Asset | NPV/NAV (millions) | NSU % Interest | NSU NPV/NAV (millions) | Discount | Share Price to NAV |
| Bisha 2017 Q2 (Net Asset) | $534 | 60% | $320 | 0.20 | $64.08 |
| Timok Upper NPV(8) (low) | $986 | 100% | $986 | 0.50 | $493.00 |
| Timok Lower (Purchase Value) | $95 | 46% | $44 | 0.10 | $4.37 |
| Cash - Liabilities | $77 | 100% | $77 | 1.00 | $76.74 |
| Total NSU Value (millions) | $1,427 | | $638 |
| Outstanding Shares (millions) | 301.959 | | 301.959 |
| | | | | | |
| NSU Current NAV per Share (USD) | $4.73 | | $2.11 |
| NSU Current NAV per Share (CAD @1.26USD) (low) | | | $5.95 | | $2.66 |
| | | | | | |
| | @ | 0.4 | $2.38 | cdn | |
| | @ | 0.5 | $2.98 | cdn | |
| | @ | 0.6 | $3.57 | cdn | |
| | @ | 0.8 | $4.76 | cdn | |