Impressive results for last years final report
1.7m $$ profit
15m $$ net assets
Equivalent to 5.3cents per share value on market
Share price is currently 1.5cents per share, which represents more than a 70% discount at the current share price to net asset valuation per share.
Theoretically if it were to trade at 5.3c which is fair valuation of this company compared to its net assets, that would be more than a 250% increase in share price from current levels.
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Ann: Preliminary Final Report, page-2
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