Sprott Resource Corp Ord SCPZF

Uruguay Land prices $3800/hectare - Unlock the value please!

[nickbillfish]

I couldn't find recent land prices but 2015 farm land in Uruguay was fetching $3,800/hectare.    Union Agriculture manages 160,000 hectares and is a going concern growing crops and raising cattle.   At 160,000 hectares x $3,800 = $608,000,000 x 6.2% ownership = $37,696,000.    We carry the NAV of our stake at $21,000,000.    this is way undervalued on our books by over 1/2 as the land along exceeds the value we carry on the book.     Uruguayan land has steadily rose.   We need to unlock this value asap!!!! 



https://www.bloomberg.com/news/articles/2015-09-21/uruguay-farms-raise-record-funds-after-land-prices-jump-11-fold

[pmac2015]

Believe me if Sprott could find a buyer of their shares they would sell them in a heart beat. Union Agriculture has been a failed venture. If you read their most recent audited financial statements it shows that they are not profitable, burning a lot of cash and are at risk of being unable to refinance.  The raw land does have significant value as you state but  Union has run out of

[zinxprime]

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