TYC tethyan copper company limited

*** $25 billion resources ***, page-78

  1. 24,765 Posts.
    *** massive rerating * look at it this way *** For those who haven't seen these figures, they are below. By the way, I am not posting these for the person who posted along the lines of, "How the hell do you think you got those figures?"

    Seems some people, often with low self esteem, think manners and common decency don't apply when making posts on the internet. So they abuse etc. how they like, because they believe there is no comeback, they believe they are safe from harm.

    Psychologists and psychiatrists would have a field day examing these cases - the new 21st. century internet age medical condition.
    =======================================
    Let's have a look at how undervalued TYC is.

    TYC currently controls a rapidly expanding resource of 12 billion pounds of copper and 9 million ounces of gold.

    At US$1.45/lb copper the copper is worth US$17.4 billion. At today's exchange rate that is worth AUD $22.15 billion.

    At US$422.50 the gold is worth US$3.8 billion. At today's exchange rate that is worth AUD $4.84 billion.

    So the resource is then worth: $A27 billion.
    Market Cap is just AUD $53 million.
    So, for $1 market cap we get $ AUD 1,075 of copper and gold.

    What a phenomenally high number! Over $1000 of resources are bought for each dollar of market capitalisation!!

    The gold equivalent of TYC's resources is also like having a gold resource of 61.5 million ounces!

    * BUT ALSO LOOK AT TYC THIS WAY * :

    A AUD $6 increase in the price of gold increases the in ground value of TYC's gold by more than its current market capitalisation!

    In my opinion TYC is the biggest bargain since PDN was trading under 10 cents. There is a BFS due for completion mid year on one of TYC's resources. This will really focus the market on how gigantic the resources under TYC's control are.
 
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