They should be merging with fnr-49 North Resources has a market cap of $24m yet most of their private holdings are priced at original cost, such as Allstar Energy. Allstar alone is worth more than $24m, they just sold the viking assets of 49n for $24m and kept the best for nothing. Have it on the books for $4m and it's probably worth $50m today and who knows what down the road. The value of the company is close to $100m yet it trades for $24m. Pinetree and fnr would be a great fit. They also have a minium of $315m in gold with OMM when that project starts up soon.
As a side note: The best pick of 2013 will be Ger/Gerff-Glen Eagle Resources-Remember this note! Don't say you were not told. .22 cents today with $9m market cap and should be $2 by end of year. You were told!