NTA and share price lag, page-4

Thanks Rusty, looking forward to reading it if you could share it here. I have the following estimates;

Summary Figures
Cash resources as of end of Q2 CY23 (August 2023):			$3,185,000	AUD
Total PVL carrying value in portfolio companies			$7,552,941	AUD
Total Net Asset Value (NAV)			$10,737,941	AUD
Shares on Issue (SOI)			120,740,000	#
Fair Value Market Cap (Incl Cash + Portfolio Company Investments)			$0.089	AUD/share
Fair Value Market Cap (Excl Cash, Portfolio Companies Only)			$0.063	AUD/share
Current Share Price			$0.050	AUD/share
Discount to NAV			44%	%

Portfolio Company	Est. Company Valuation	Current Fundraising Stage	Date of Last Fundraising Round	Total Raised (Cumulative) (USD)	Total PVL Amount Invested	Currency	Date First Invested	Est. PVL ownership stake	PVL Carrying Value (30/6/2020) (NZD)	PVL Carrying Value (30/6/2021) (NZD)	PVL Carrying Value (30/6/2022) (AUD)	PVL Carrying Value (30/6/2023) (AUD)	PVL Carrying Value (30/6/2024) (AUD) (WIP)
Cirrus Materials Science	$26,100,470	Series A ($6m)	2022	$10,000,000	$550,000	NZD	2017	6.70%	$600,000	$600,000	$1,748,732	$1,748,732	$1,748,732
Ferronova	$6,588,788	Series A ($3.5m)	May-2020	Unknown	TBC	NZD	May-2016	12.60%	$680,000	$820,000	$754,716	$830,187	$830,187
Urbix	$259,805,833	Series B ($50m)	May-2018	$53,500,000	$500,000	USD	May-2022	0.30%	$0	$0	$779,418	$779,418	$779,418
Inhibit Coatings	$3,786,727	Venture Round	July-2021	Unknown	TBC	NZD	Unknown	17.50%	$720,000	$720,000	$662,677	$662,677	$662,677
Liquid Instruments	$100,000,000	Series B	Jul-2022	$50,000,000	$400,000	USD	Jul-2022	0.40%	$0	$0	$0	$623,534	$623,534
Certusbio	$2,712,714	Series A ($4.6m)	Sept-2021	$6,100,000	$350,000	NZD	2015	19.00%	$350,000	$560,000	$515,416	$515,416	$515,416
Quantum Brilliance	Undisclosed	Seed	Aug-2021	$27,700,000	$500,000	AUD	May-2022	Undisclosed	$0	$0	$500,000	$500,000	$500,000
Courseloop	$31,071,429	Undisclosed	2022	Unknown	$435,000	AUD	Dec-2021	1.40%	$0	$0	$435,000	$435,000	$435,000
SkyKraft	$58,823,529	Seed	Dec-2021	$3,500,000	$250,000	AUD	Dec-2021	1.70%	$0	$0	$250,000	$1,000,000	$1,000,000
Firmus Grid	Undisclosed	Undisclosed	Dec-2021	Unknown	$250,000	AUD	Dec-2021	Safe Note	$0	$0	$250,000	$250,000	$0
Neuroflex	$25,796,094	Seed	April-2022	Unknown	$225,000	CAD	April-2022	1.00%	$0	$0	$257,961	$257,961	$257,961
Flomatrix	Undisclosed	Seed ($2.5m)	Feb-2022	$2,500,000	$200,000	AUD	Feb-2022	Safe Note	$0	$0	$200,000	$200,000	$200,000
Total									$2,350,000	$2,700,000	$6,353,918	$7,802,924	$7,552,924