Book value of just agricultural assets is estimated at $1.58 a share, they have about another 58c a share in nett cash in the bank.
226.39 mill shares outstanding
approx 131.15 mill nett cash in bank
420 mill estimate for capital
$2.44 a share value potentially
Anybody have an idea about the book value of the water rights as well?
I think $1.30 return to shareholders would be a cop out.
