Price Chart- MGX, page-22

If the Assets - Liabilities are at approx $400M

Then the enterprise value of the company which is the profit it makes every year extraploated into the future and using a discount method NPV you end up with approx $350 enterprise value.

This added to the nett assets yields - approx $750 M which would equate to 0.625 c. Therefore a Price to book ratio closer to 1.0 Which is what you want. As i believe their are approx 1200 M shares on the register.

You seem to have just added one year of profit. But it will continue as a going concern and continue making profit.

However if you are using this method and it is applied consistently to other comparative stocks in the same sector it can still provide you with a good guide as to what is good value and what is somewhat overpriced.