tangible asset backing, page-9

it must have been late shasta and of course they also have a common director in ross kennedy.

EME 33,900,000 @ $1.35 = $45,765,000
EMEO 9,100,000 @ $1.25 = $11,375,000 (intrinsic value)
GTE 2,249,612 @ $0.054 = $121479
AHR 1,200,000 @ $0.10 = $120,000
ALY 10,000,000 @ $0.09 = $900,000
URA 2,542,000 @ $0.18 = $457,560 (about 1.4c per share)
Cash = $1,936,000

TOTAL = $60,675,039

total shares on issue 31,944,775

so about $1.90/share after the metallurgy on Bigrlyi was released and perhaps a little more to come in the near term with the scoping study mk II.

i should correct the title too it isn't technically their tangible asset backing more like relatively liquid assets.