RE:Book ValueThere is no goodwill value in the assets of Sherritt, nor in the MOA JV assets that can be reduced. There is a 15 M cost of intangible assets in Sherritt that can be reduced to zero, being less than $0.04 a share. There is no intangible assets in the MOA JV. So the BV would be reduced to $1.68/share.
What other assets have you identified that Sherritt can reduce the BV? Perhaps the GNC receivable?