Ann: Completion of NTA Review by independent expert, page-29

nta has only dropped slightly, if you take the payment of dividend into account?

Hml value of unlisted assets:
+ $79 million new value.
- ($44) million existing value at end of 2017 financial year.
-
+ $35 million / 44% increase in value.
=

Nta if unlisted assets sold:
30.6 million shares as of end of 2017 financial year.
4.5 million options ditto.
$1.76 / $1.80 x ($62 million + 35 million) / 30.6 million = $3.10 nta if unlisted assets sold.