The market has given no weight to TBRs 1.8M oz JORC compliant deposit in Africa. With ongoing drilling it is expected this will be a 3M+ oz deposit. When the market wakes up and realises TBR SP is backed 100% by ore stockpiles and gold in hand (which needs to be valued at the spot POG!) the SP will rocket.
Lets also not forget the $4.30 paid out in dividends in the past 4 years.
It seems the average mug out there just looks at Kalgoorlie and holds concerns over litigation with NST.
TBR has only 52M shares tightly held shares on issue. I've seen broker reports that talk as high at $30 SP. A near term $10 SP is very realistic. The problem is getting the timing in sync with the market.
TBR only has upside.
Ann: Quarterly Activities & Cashflow Report - June 2020, page-30
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Last
$4.90 |
Change
0.020(0.41%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| $4.90 | $4.90 | $4.86 | $14.26K | 2.916K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3683 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.98 | 7431 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| TBR (ASX) Chart |