DHR 0.00% 0.2¢ dark horse resources limited

Isn't it trading below LKO/cash backing? <$12m market cap(not...

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    Isn't it trading below LKO/cash backing? <$12m market cap(not accounting for the unlisted options/performance rights) with $3.5m(at the end of this current quarter) + LKO $10m. If I was holding I probably wouldn't be selling now but it's hard to see where these guys are going to create value considering the swings and misses so far.
 
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Currently unlisted public company.

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