I went through the past annual reports of RVR from 2017 - now...

I went through the past annual reports of RVR from 2017 - now and recorded the net asset value of the company for each reporting period

	Time period recorded	Net asset value	Growth from previous year
1	FY2022 (half)	65,057,000	6,414,000 (half year)
2	FY2021 (end)	58,643,000	-1,252,000 (+20,000,000 royalty settlement)
3	FY2020 (end)	59,895,000	3,559,000
4	FY2019 (end)	56,336,000	4,107,000
5	FY2018 (end)	52,229,000	4,521,000
6	FY2017 (end)	47,708,000	Not calculated

I found it interesting that if you keep track of the company net asset value, it has actually continued to grow even though the shareprice has been quite stagnant. Also the company has actually made bank over the last 2 years, but has been masked by the royalty dispute.

The RVR market cap of 80M today is getting closer and closer to the company net asset value. Would be interesting if the company eventually trades at a discount to its overall assets. Any thoughts?