Is anyone else aware of the fact that the shares GBP own in...

Is anyone else aware of the fact that the shares GBP own in Falklands Oil and Gas are woth 30 cents alone! I was doing the sums last night and GBP's 14% holding in FOGL is worth AUD $51.126 million. Currently GBP's market cap is only AUD $34 million. So if you take the $51 million and divide it by the shares on issue in GBP (174,444,787) that makes their holding worth $0.293 to the company, and yet the share price currently sits at $0.195.

So if i'm wrong please correct me but doesnt that mean even if the GBP share price were up at $0.29 that would still be placing zero value on all their other assets? That makes it a BUY in my books!

Anyone with any thoughts?