Could well be... the NTA after tax and dividend in the February 2017 update was $1.25. July update, announced today: $1.27 Pretty bad.
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch