Cubanpete, a good friend of mine, forensic auditor States they...

Cubanpete, a good friend of mine, forensic auditor States they are assets as intangible.

There are accountants that solely deal in shell companies.

They buyout companies, sell the assets leaving a shell and sell that shell with accumulated losses.

The buyer then merges the shell and accumulated losses and uses those as tax offset.

60m accumulated losses is worth 20m tax saved to a profitable gold miner.

Its a sizable amount.

So it is a 20m asset to the right company.

No good if your industrial, retail - different sector, or have no need to reduce tax.

An accountant will know where I am coming from or an auditor here.

Naturally 1 want 1m oz and a mine.

Just pointing out 30m cap maybe oversold on a few different dynamics.