market cap now below cash in bank, page-11

Article in Saturday West (not about MFC) but about companies in similar CASH position to MFC ie market cap trading below cash in bank.

It used Vulcan resources as its example of buying $1 dollar for 90c.

At fridays closing price MFC represents the analogy of buying $1.00 for 72c. Unbelievable!!!!!

I know markets are volatile but investors are completely losing focus on the fundamentals of investment.

Its still deemed a risky investment (since future cash burn rates are unknown) but buying a dollar for 72c is a blo0dy bargain in anyones book.

Disclaimer: Am long MFC and will continue to accumulate at these levels.