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Gold/Mining/Energy : Winzen International Inc. (WZI : CDNX)
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To: Gulo who wrote (3)9/30/2000 2:29:40 PM
From: Bam  Read Replies (1) of 15
 
My calculation is based upon the market value of the properties, not the book value. If they sell the properties, they get market value not the book value (depreciated) which serves for tax purposes, not sale price. Based on market value of the properties, excluding the St-Hubert property mind you, that is where the NAV of $1.20 per share comes from.
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