something special..., page-44

re: something special t4p... TwinTurboCelica...

lol...our posts crossed over.

I see plenty of value on TRO...held shares recently in fact...so no argument from me here.

Two key differences however for my immediate market interest, which may potentially roll over to long term value...

Firstly...TRO is to some extent now a given equation, any "new" upside will not occur near term other than via continued market interest, as such many "players" will be gradually exiting part or all of their positions as the company shifts it's register from a "speculative" to "investor" profile. For many of the speculators in this, the hard yards (for them) have been done.

Some people sitting on 1000% profit may not see the value in leaving their money locked up for the next 100%...some will of course.

Need something to rev up the market to keep new buyers coming into TRO...rising commodity prices will help, as will communication of progress towards production, but to keep the same level of momentum recently experienced without "current" and/or changing value dynamics will be a tough ask.

Unfortunately, the inherent value here will mean less to the market short term...and yes, there is excellent value.

NDO is a good example of static market perceptions...highly undervalued, yet going nowhere for now. Not saying this will happen to TRO, but I am sure you get my drift.

Secondly, the underground route is always significantly discounted from the more easily accessible ones, much higher capex, production limitations and all sorts of inherent "issues"...none of which are particularly terminal mind you, but yet another reason for discounted value models.

As for comparisons, I am not sure we can do that...essentially different types of resources, in different parts of the world, with different production/process routes, different scales, endowment, etc, etc...

The value for TRO's resource might equate to some $9 billion or so in situ...but what is the upside and likely NPV?

With MMB we potentially have some $3.8 billion of value per 100m depth and potentially much more as I have not included silver, gold or zinc in my endowment calculations.

At 500m depth, we have $19 billion in-situ...and still many potential unkowns.

Treatment options less than 50km away and a regional strategy likely to eventuate...both of which also add to the value of this particular resource at this particular location.

All assuming it is economic of course.

Ultimately, it comes down to the type of resource...TRO's is relatively well defined and offers far less "unkown upside" at this particular pont of time.

By the way, what is TRO's fully diluted market cap...inclusing escrow shares?

As I said...more to valuations than pure resource parameters.

I like both companies by the way...but for different reasons.

Cheers!