@Tradeahead @AUinvestor Excellent recap of the NVO case. I might add a thing: When looking at market cap (canadian numbers here), of 242C, I think it worth mentioning that 120M is NFG, 16M is E3D, 22M is cash. So when we look at the price of NVO as a company reflecting its australian assets, we should subtract these items, since NFG and E3D stock owned represent another value generation path, outside of NVO australias asset base. NVO australia then has a real price tag of 84M canadian.
This 84M Canadian number is beyond ridiculous. I have to agree that NVO market price is probably less than 5% of its real long term value, and Mr. Market is dead wrong in his current pricing of NVO. That will change over time, and once the bull market really starts, and improve further when the market gets further clarity about the higher grade mineralization about to hit the mill in or after Q3.
I am a long term holder as well.