SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: keith massey who wrote (2890)12/6/1999 12:14:00 AM
From: Claude Cormier  Read Replies (1) of 5053
 
Keith,

Keep in mind that book value and NAV are two different think. The former often includes an asset that is called "Mineral Properties". On many occasion, this is worth very little while still being subtantioal in dollar terms.

Also, I agree with you that a stock selling below cash value (or net asset value) is not nescessarily a good buy. The examples you provided are good ones. But when such a stock as a non-cash asset (mineral or else) that can be develop and has yet to be recognized in the NAV, you stand to make a killing if you average down on this stock.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News