"The Manbarrum Project was a flagship project for TNG Ltd (ASX: TNG) prior to the discovery of the Mount Peake vanadium-titanium-iron deposit and is now a key asset for Todd River Resources following the successful spin-off of TNG’s base metal assets earlier this year. One of the largest undeveloped zinc projects in Australia, the Manbarrum Project includes the Sandy Creek deposit".
The market cap of TRT is now a bit over $7 million. As I recall TNG was over $1 just before the GFC hit and that value was based on the likely development of the Manbarrum Zinc deposit. Can anyone recall the M/cap of TNG at that time.
The development fell through because of the GFC but I gather the world Zinc market price is now roughly what it was then.
Manbarrum deposit
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Mkt cap ! $5.235M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $7.268K | 2.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 11991403 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4753539 | 3 |
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| Last trade - 12.20pm 07/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 4952490 | ||
| Last updated 14.20pm 07/05/2024 ? | |||||
| TX3 (ASX) Chart |