From memory GWR spent over $180.000,000 just in drilling over...

From memory GWR spent over $180.000,000 just in drilling over many years. I assume they still carry more than this in accumulating capital losses that can be offset against future profits. If they sell the Iron Ore deposit they may lose these accumulated losses which are very valuable if you start making profits. If they sold everything and the new buyer could carry the over $180 mill capital loss the price should be way higher. The Ore in the ground is worth massive dollars and very high grade only the distance to port is the problem. I am not an accountant but was a top 20 share holder in the past. I sold out around 30 cents as I disagreed with Management selling all our other assets along with our gold deposite on site I bet they wish they didn't sell them now. Note over many years at times GWR'S cash on hand has been much higher than it market cap. The Directors are on so many boards together they do just fine.