present position......., page-65

Champ, from an analyst perspective - and I am one - you are are using the correct methology. The only way to value SARCO at this stage is via a sum of parts/EV or enterprise value. You are correct in assuming that the value will be based on the total value of its assets which at this stage is $600Mill (discounting the resource est.)

Let me get back to you tonight. I'll have a proper crack at SARCO valuation based on what we know.