This concept may seem alien to many in the West, but such scepticism may help to explain why Shanta’s market value of about £110m represents a discount to the $165m (£135m) of net assets on its balance sheet.Such a discount to book value will hopefully provide investors with some protection, should they need it. For the moment, however, Shanta is on track to increase production by more than 40pc in 2023 to around 94,000 ounces and build on 2022’s 18pc advance. New Luika’s AISC is expected to be $1,200-$1,300 an...