IKN

drowsy syrups of the world

Radius Gold (RDU.v) NAV vs market cap

What do you get for each 8.5c share of Radius Gold (RDU.v)?

  • 7.6c worth of BTO.to shares* at current prices 
  • 0.3c worth of FCV.v shares at current prices
  • 0.2c worth of MED.v shares at current prices
  • 2.7c worth of cash estimated to end 4q14 (including G&A burn and current small drill program expense)
  • No debt.

In other words, 10.9c of current assets for each and every 8.5c worth of share, not including fixed assets, concessions and even assuming the current drill program at Blue Hill Idaho returns 100% dusters. Nothing from Tambor either, just the straight liquid assets give you a 28% premium to NAV. And yes, you’re right, that’s the kind of thing that happens at market bottoms.
Now all we need to do is convince Ridgway to liquidate and distribute. Piece of cake.
Disclosure: No position in RDU.v, but thinking about it.

*i checked, RDU still hasn’t sold a one since its 2q14 filing

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