MMX has 380 mt @ 62%
TRF has 44 mt @ 36%
Market cap for mmx is $481 m
TRF is about $12 m
the resource is just about 5% if MMXs
TRF is worth max $24 m
However MMX has alsort of deals sorted out with POSCO and are in production
so I would bring that down to about $16 m
I would say she is worth 80 cents