on resource m.a post, page-3

Yep, good value here.

SLV at ~AU$1.70 gives a valuation for GAU of (170/12 =) 0.14.

14 cents for something trading at 11!

And with the London press last week speculating on an imminent 100p (AU$2.00+) takeover of SLV - which would give GAU a valuation of 0.17 - looks at present prices an excellent punt.

Of course, all the usual caveats apply.