13m buy at 0.7c, page-15

FYI
the average valaution of a resource for ASX listed goldies is $107/oz. It is not valued at the amount of money they would get if they mined all the gold instantly and sold it.

Larger producers are valued above the average, smaller producers below.

Not that we have a resource yet. but before people start counting multibaggers try putting the above number in with the estimated ounces and TNR's share to come up with a market cap and share price.


While trial mining will generate some much needed cash flow it is the information that it provides will bethe most valuable. It will give a bit more of an idea of a "potential" resource and how long it should take to prove it up.