I had this question in my mind, "What is the Net Asset Value (NAV) of an exploration mining company?"
So I decided to poke around the web, and I found the much maligned Paul van Eeden has some thoughts. He has some old newsletters from 2006.
I started with this one (URL below): How to value a mining stock
15 January 2006 14:12
http://www.paulvaneeden.com/pebble.a...
Then I read this one: Valuing an exploration company
20 January 2006 14:10
http://www.paulvaneeden.com/pebble.a...
So what do you think the answer is to my question? I think it's important for the smart investor. Just something to do while waiting for the Tuesday markets.
Snug