Cadre has valued NTU shares

This is from Stantons International Securities report which is attached to the Notice of General Meeting of Shareholders announcement from 29 August 2016:-

5.4.2.  In August 2016 Cadre prepared a Valuation Report in relation to the Mineral Assets. Cadre has valued NTU’s Mineral Assets on preferred, low and high values. We have used and relied on the Cadre Valuation Report and have satisfied ourselves that:-

- Cadre is a suitably qualified consulting firm and has relevant experience in assessing the merits of mineral projects and preparing mineral asset valuations (also the principal author of the reports is suitably qualified and experienced);

- Cadre is independent from NTU and the Taizhong group;

- Cadre has to the best of our knowledge employed sound and recognised methodologies in the preparation of the valuation reports on the NTU Group’s Mineral Assets. 5.4.3. Cadre has ascribed a range of market values for the Mineral Assets as follows:-

5.4.3.  Cadre has ascribed a range of market values for the Mineral Assets as follows:


5.4.4.  Using the fair values in Australian Dollars of the Mineral Assets as ascribed in the Cadre Valuation Report and based on the assumptions/values provided to us of the other assets and liabilities of NTU as at 30 June 2016 as per Balance Sheet A above (as adjusted), the net fair value of the NTU Group is expected to lie in the range as follows:-




6.2.

http://www.stocknessmonster.com/news-item?S=NTU&E=ASX&N=788186

despite todays +36% move up in the share price it appears based on recent trading activity and the above assessment, that there is plenty more upside to come

Shareholders must now be very much looking forward to the next few weeks through to the end of this year