gpp valuation - nta

GPP market cap $3,646,000 (@.05c)

1. $850,000 (Cash)
2. $125,000 (holding in asx-EPG, 465,040 shares @ 27c)
3.$3,372,000 (holding in asx-ATR, 1,292,250 shares @ $2.61)
4.$2,600,000 (Owed by AEC for sale of EP4877 - Latrobe)

Sub total $6,947,000 (approx 9.6cps)

5. EP 447 - shale gas JV including 10% ORRI
6. 2% ORRI on EP4877
7. 101mt brown coal JORC resource (5 tenements - Latrobe)
8. Geothermal tenements - Esperance

No debt.

If we subscribe a value to just 5&7
$10m for EP447 and $10m for all the Latrobe tenements (one alone sold for $2.8m + royalties)

conservative $27m in a liquidation. or 37cps.