respectfully disagree
its not 1 for 1
400 million gml shares on issue for 466 btr
they also have 6 million cash at least on 400 million shares so 0.015 cents per share in cash
thats a value of 0.031 a share
the market cap is less than the nbv
they might crash and burn yes
but still nbv is less than market cap
the great value investors usually say this is indicative of a bargain
Ann: GML Sells Gold Rights at Montague East to BTR for $14M, page-39
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