Hi @ebner, the net tangible assets per share calculation was undertaken by CLQ and is reported in the Appendix 4E.
From what we can glean from the balance sheet:
- Financial assets = c.$79m (cash) + c.$4m (trade and other receivables) + c.$15m (R&D incentive receivable) = c.$98m
- Property, plant and equipment = c.$22m
- Exploration and evaluation assets = c.$121m
Subtracting liabilities leads to net assets of $237m.
Management would be more than willing to provide further colour on this if approached I suspect.
Explanation: What is happening right now with CLQ & why CLQ is about to enter a bull run, page-3
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