It has around $4 million worth of shares in Fura given the way the deal was structured.
I don't disagree that the graphite/vanadium resource is worth far more than $10 million (I would put a rough estimate at around $25 to $30 million), but it is all for nought if the market has no faith in the management. Do something about the board and you will make a lot of money.
Ann: Notice of Meeting, page-38
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