They can't show a book value of $25+. The best they can do is $10. The reason is, they have to book the land use rights at cost (close to $100M) which they are doing already. That will not change going forward.
What they can show is a profit of $200M per year or earnings per share of $1.27 which would make it a $25 stock (under normal circumstances). More importantly, $200M in free cash flow every year that will be used one way or another for the dividends.
On top of that, the art. And potentially Hemp/CBD developments which they may be hiding from us.
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