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cartonet

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cartonet

Re: None

Friday, 08/26/2011 3:13:12 PM

Friday, August 26, 2011 3:13:12 PM

Post# of 35742
PCY: Is this for real??? Am I missing something ???

I get a total of 145M between their latest stated cash position (19M), the 22.5M NKL shares and their small stakes in NI.V and CEC.V, classified as ready for sale investment. Divide by 195M shares = 0.746. Currently trading at just 70c, which basically means the 2 coal mines in Mongolia and the rest of assets do not only come for free but actually have NEGATIVE VALUE !!!

(I´m not counting warrants and options as some are way out of the money and the warrants would add cash in the coffers anyway)

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