Ann: A$3.3M Strategic Capital Raising to Expand Exploration, page-26

No I don't have any target for share price atm.

I actually don't put a target for the stock price but I firstly put a market value for its project values and then the MC gives me the sp.

After I chose the sector which I like to research for (like Lithium, nickel, copper, PGE for now) then,

1. I firstly look at the management; A big tick for TRT.
2. Then I look at its current geological settings and trends, and nearolgy around it; another big tick for TRT
3. Then I look at lots of other things.

IMO, the current project value for TRT is around $60m for all of its projects without drilling.

After the drilling and some kind of good assay results in any of those projects, the MC should at least double depends on the results.

You need to know the other explorer MCs for making a comparison. For example, Legend (LEG) in Fraser Range had some success at its Mawson Prospect and its MC is now $360m.

I can say $350m is MC for TRT is my next target if it can get some good results.

That would imply to a sp of 60c-65c