Cheap is in the eye of the beholder when information remains incomplete.
You could buy a shiny red Ferrari cheaply but if it turned out it had no engine then it might not seem so cheap.
BBX needs to prove that they have a real engine. If you think you can already deduce that they have from the information supplied then the market provides you with the mechanism to buy shares. Esh
Ann: Gold Extraction Results from Ema and Tres Estados, page-139
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