Pretty much agree that the marketplace looks past NTA, at least now.
However, the balance sheet is obviously important, as is cash balance and cash flow. The company needs to grow its infrastructure to a critical mass large enough to support the profit base it envisions with growth for years to come. Along the way, they will become cash flow positive and build cash balances.
NTA is a pretty good measure of how big and valuable the money making machines Solomon is creating are. If SIAF is to make $100M in net profits, it won't come from assets that total $150M. Since there's little to no debt, the assets will have to surpass $300M, which will happen in 2013.