A135.1 million market cap vs A86.6 million cash today.
That’s a company asset value of A48.5 million.
JRV paid A131.46 million for its Finland operations and that excludes the A116 million it paid for inventory.
So BC is correct in saying that JRV is highly undervalued. These figures don’t take any of ICO into account or any monies paid for the Brazilian Refinery or any monies invested into getting a resource for Nico Young. Any comments would be welcome. These figures are current today which if Finland was sold off would eliminate all outstanding debt to Mercuria and at least half of the ICO bond debt from the inventory held today.
JRV fundamentally is extremely cheap and has a lot of upside at the current share price.
A135.1 million market cap vs A86.6 million cash today.That’s a...
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Mkt cap ! $29.73M | |||
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| JRV (ASX) Chart |
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