undervalued with amazing cash:mc ratio, page-3

My apologies .... thanks John for the correction. After looking into it there are 24M additional shares held in escrow until Nov 30, 2013.
With a total of 57.5M shares on issue, this equates to a market cap of approx $3.7M (NOT $2.2M that I quoted in my first post). This market cap virtually just takes into account the cash they have on hand ........ so I still stand by my comment that BGH would appear to be very undervalued!