1.11 net value is also after allowing for depreciationover mine life of equipment,setting aside large amounts for reserves etc.This report sounds as if they are trying to minimise tax.
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