RE:UndervaluedThe company has more value than just the cash, but the market won't give any premium just yet.
- Sale of their Romanian asset, either for cash or a royalty. The partner has spent at least $60 million USD on it to earn 85% interest over the last decade
- Additional $350K USD from the NZ asset buyer, once a new well is drilled on that property
- $17-18 million in capital and non-capital loss tax pools
- Clean shell
But Romania is what will be a catalyst for the stock.