So on those figures a 24% discount. If this was a LIC, it is not...

So on those figures a 24% discount. If this was a LIC, it is not uncommon to have a 10% discount to NTA. So the discount is quite large.

When you add the past history of the Chairman Eduard Eshuys:"His successes as Joseph Gutnick‟s exploration director are well known. In the late 1980s and early 1990s, he led the teams that discovered the Plutonic, Bronzewing and Jundee gold deposits, and the Cawse nickel prospect. He also had involvement in the Maggie Hays and Mariners nickel discoveries in the 1970s."

This is a buy.