TBR 0.90% $3.30 tribune resources limited

$20m uplift since 30th june 11, page-17

  1. 5,505 Posts.
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    Guys. I think you'll find that TBR will only have around 50koz in inventory as of June 30. Add in another 2koz maybe from the recent campaign & they'll have 52koz = A$86 million in bullion + A$10 million in cash = approx A$96 million total. That is still great for a market cap of A$133 million. I'm just saying some of the figures here may be overstated. And don't forget the tax that will need to be paid on sale of inventories. Of course my calcs could be totally wrong. Cheers, Z.
 
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