Gold River Productions Inc (GRPS)

[Roofus]

And that $10 million asset alone ….

Is obviously a big part of what they own.
I’m assuming it’s completely paid off, as they indeed own it.

That’s essentially just as good now as $10 million in “earnings” on the balance sheet, since this is a $10 million asset that is paid off as they own it.

$10 million earnings = approximately $300 million in market cap, when plugging in a generic P/E ratio of 30.

$300 million market cap
1.2 billion outstanding shares.

= $0.25 per share.

That facility and real estate, at nearly 2,000 acres, is worth what a company that is worth $100’s millions in market cap would have.