Thanks for the calculation work. I have a question about the Vatukuola value. I know the prices were greater when you did this post in April, but I get:

VAT closed at 1.35 GBP on May 6 = $2.16 can. dollars

$2.16 x 82643339 shares = market cap of $178509612CAD

Multiply by 15% to get CNZs share = $26776441 and divide by 130M shares gives a value of ~ 20 cents per share to CNZ.

Am I missing something here? This does look like a very compelling buy at these levels as I think they will actually be able to get a permit for Praire Creek.