text: TICKERS: JG, OSK, SA; SOACF
  Source: Bob Moriarty for The Gold Report��(10/2/16)
  But they have a market cap of only $11,014,325. Their stock closed on Friday at $0.73 but they had a value of shares in JG and OSK of $1.49 on the same day. In other words, SA is selling at over a 50% discount to their net asset value. I can see Southern Arc selling at a slight 10�15% discount to NAV but a 50% haircut is absurd. If you someone shorts Japan Gold and buys Southern Arc, they can count on that discount reverting to the mean with little or no risk. After all, owning one share of SA is also owning 1.5 shares of Japan Gold. Some big investor is going to do that soon. It's too easy.