Dream Unlimited Corp T.DRM

I've got $1.461B in Share Equity

[Malpeque2]

And with the buybacks of about $150M worth of shares for the 9 mo ending Sept 2020.

Shares outstanding are 46M.     Book about $31.75 a share.

Adjustments would be the value of the land,  heh?

9,000 acres in Western Canada.    Whats that worth?      They sold a share of one developement out there and book a decent gain in the first 9 months of this year.

72 Waterfront acres in POrt Credit where they hold a 31% interest,  lets say 22.3 net acres?
34 acres at Zibi    along the Ottawa River in Ottawa/Gatineau.   88% interest?
60 Acres in Distillery/Canary/West Don Lands with varying minority interests,  lets say average interest is 33%     thats 20 net acres. 

All of this is carried on the books for about $490M  Can.       My friend says $20M an acre for highrise land in Canary.    About $100 per developable square foot.      Meaning I guess if the lot is permitted for 300K square feet than the land under it is worth 300K times 100 or 30M.   Does that seem about right?

[Malpeque2]

Greater Toronto land from the 2020 9 mo.  MD&A is planned/permitted for 12.5M square feet. Dream U share at 33% is 4.125M sq feet of developable space.   At $100 is $412M. Ottawa is 4.5M square feet.   at  88% thats 4m square feet.     Let's say $50 a square foot in Ottawa/Gatineau for the underlying land value...........That's $200M. 

[rodbhar]

Downtown TO more like $200 per buildable square foot at least. And Zibi must be $100.