Allana Potash fka AAA

[AAA-FTW]

Apparently there are a number of ways to calculate NAVPS, one of which includes cash flow. The Dundee report makes no mention of which method they use. They do, however, imply they are using something other that just assets because they factior in a 10 year tax holiday which should only affect cash flow.

Mining company valuations not all created equal

I am an optimist so I prefer to believe that the Dundee report doesn't infer any specific resource size, only that if they can extract 2 mtpy.

"this would increase our NAV considerably to $7.22/share with all other variables constant."