Salt Runs

I own VUL, which owns 28.8 million shares of RMK. That values VUL at a 30 discount to its RMK holdings alone. The discont widened today with Red Moon rising more than Vulcan. VUL has other properties, plus a 3 percent royalty on the salt project. If the salt project goes into production, the stock is still extremely cheap, but I'm not chasing it on thsi breakout.