Hi purple turtle as you know i invest in companies which have...

Hi purple turtle as you know i invest in companies which have positive earning or a positive earning outlooks. There is cash cow agreement here (see 30 June announcement). The sharemarket woke up yesterday. We do not know the commission rate so we cannot put a valuation on just the lease agreement yet but if I have to take a guess it is worth around 15c a share upwards. Then there is the resource valuation and other milling agreements in the future. So an extra 10 cents for share as is.

Total current valuation 25 cent upwards. But the market swings between underpricing companies to overpricing them.

The bottom line more me is that buying here ensures a large margin of safety in the investment as Benjamin Graham would say to make sure we do with investment.