Estimated operating costs put forward by the company in early 2012 were circa $85/tonne FOB.
Current ore price is circa $95 to $100/tonne.
How is there any economic value here, at all?
What scares me the most though, is that the $85/tonne estimate is now looking like an absolute furphy. Did Wayne Richards smell a rat and leave?
I`m surprised the market cap is where it's at, the whole thing stinks to high heaven.
And I don't say this as a downramper, I was duped too (I still unfortunately hold TRF).
Hang your heads in shame management.
DYOR
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.50M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $1.07K | 292K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 29694452 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 39148219 | 10 |
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| Last trade - 15.13pm 15/07/2025 (20 minute delay) ? |
| TYX (ASX) Chart |