LOL. It's an opinion, do you think it's nefarious because it doesn't agree with yours? I been involved in corporate finance for over 20 years, so it's not an uneducated opinion. Also doesn't mean I'll be right - all the info isn't out there yet.

My calc, before allowing for any burn rate since the last quarter, nor for coming up with a tax number, is that the value of the shares and cash that FNV has right now is $0.27 per share, no inclusion for their assets/projects, such as Magpie etc