Ann: Alternative $6.8M Sale & JV Offer on Halls C, page-3

re: Ann: BNR: Alternative $6.8M Sale & JV Off... Even if MAT lost the deal, it still owns 23% of BNR at cost of 3c a share which I think is a very good entry price for a large holder. I had a look at the trade history of BNR, only 2.5m shares been traded under 3c since the management drama. BNR is badly undervalued at the moment (the market cap is barely $2m at today's price). However, once gold price is recovering and the company is on the track of normal operation , the sentiment will change. MAT is still a winner on this investment.