Benjamin Graham (May 8, 1894 – September 21, 1976, considered the first proponent of "value investing"... Wikipedia) wrote that the the stock market behaves like a voting machine, but in the long term acts like a weighing machine (i.e. the true value of a business will in the long run be reflected in its stock price).
Given CEO Rob Neill's recent comment (thanks stocky for posting the link) ...
"Placing a value on pre-JORCED deposits is always hard but Neill believes given the merits of the two tenements (Wandoan and Mackenzie) their combined worth is somewhere between $60 to $80M. At the share price level that would imply a price of around 5 cents per share."
... any thoughts out there as to why the market hasn't yet factored this into CXY's share price?
CXY Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Held
