Interesting trading multipleNFG net book as of Dec 32 , 2023 was $69 million so with a market cap of $900 million , it trades at about 15 times its net book.
MAE as of Sept 30/23 had a net book of $39 million and our current market cap is $37 million so we trade at less than 1 times book.
The Point Rousse assets is stated by Mac to be worth well over $100 million.
Once those assets begin generating revenues to MAE , those assets will begin to appreciate in value .
Which brings up interesting perspectives as to any considered takeover offers..