Hey guys. Not doubting the value in TBR here (I'm considering becoming a holder). Plenty of cash & bullion in the bank. Remember though that tax will need to be paid on the profit from any bullion sold. It's held at cost at the moment so as to avoid this (as far as I can tell). I'm just saying that you can't attribute full value to the bullion. You would need to subtract approx 30% from the difference between the "at cost" value & current market value. Cheers, Z.
$20m uplift since 30th june 11, page-12
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