1 We use the term NMV per share when we discuss the value of the Company. We define the term NMV, as used in this release, as the product of multiplying the number of kilograms of indium held by the Company at any given date by the spot price for indium as published by Metal Bulletin PLC and posted on Bloomberg L.P. for such date, plus cash and other Company assets, less any liabilities divided by the Common Shares outstanding as of such date. The use of the term NMV is a non-US generally accepted accounting principle (GAAP)financial measurement. The Company's GAAP net book value (NBV) per Common Shares was approximately $3.24 2 on January 31, 2013. The difference between such GAAP NBV and NMV at January 31, 2013 is attributable to the excess of the indium spot price over GAAP book value of indium.2 Calculated based on the number of Common Shares outstanding exclusive of all options and warrants outstanding because their effect would be anti-dilutive.
SMG Indium Resources Ltd. Reports Net Market Value At January 31, 2013
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