The other funny thing is that the company hasn't really changed...

The other funny thing is that the company hasn't really changed from when the share price was at 80c, on page 1 of the company presentation dated 6/3/11, the tangible assetts of the company were a little less than the cash held today( cash and share value of the holding in BURU), but the enterprise value, or that attributed to our exploration permits and producing permits was $ 105 million.

Those permits haven't changed but now their worth today is essentially nothing (or thats what the market is telling us), the only thng different is that we have started a drilling campaign that could lead to some very exciting discoveries.

I just don't understand, where the company lost $ 105 million in enterprise value.