RE:Five times earnings ( 5 x 4.50 = 22.5 )Book value is $21.69 and these assets have been written off to the bone.Probably worth
twice.Just the huge lands in Delson is worth a lot of $$$.
It will not trade to book but $15 to $17 is very achevable.Majority of share are held buy the Goodfellow
and Stephen Jarislowsy.We are in good company.
$4.50 is exeptionnal.Going forward it could well be $2 to $3.so let's say $2.5 x 6 = $15
While we wait, we get paid a huge div.