Just a slip up. Anyway, it lets me see how carefully my post was read. I'll repost that part correctly this time.
From the recent AGM presentation, resources at Phillips River in Western Australia are:
654,000 ounces gold = $600 million
8 million ounces silver = $130 million
76,000 tonnes copper = $570 million
67,000 tonnes zinc = $160 million
120,000 tonnes lead = $360 million
Total value = $1.82 billion. Note: my dollar values given based on today's values.
There are also only about 260 million shares on issue which means a market cap of around $30 million.
At just 5% of in ground resources TTR would have a market cap of $90 million which is 35 cents!!!
From early 2003 in less than 12 months TTR ran from 5c to 40c.
I like TTR's 5 year daily high/low chart. It looks to me TTR is ever so close to breaking out of a basing formation over the last year.
With Management changes, cashed up and a substantial drilling campaign starting at Phillips River and set to continue over the next 12 months things are looking up.
TTR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held