The gold held at the mint is clearly worth 2-3 times what the combined companies TBR/RND trade at currently.
The question I have is; what is the golden goose worth? - how undervalued is the EK Asset?
Clearly much greater than the $0 enterprise value assigned to both companies.
Or as indicated by the $150m offered years ago for TBR/RND’s half by NST.
We are considering an area that has produced millions of ounces to date. How extensively has it been mined or proven?
Intuitively the EK project must be more than a billion dollar deposit if it were all in the hands of EVN.
Ann: Annual Report to shareholders, page-34
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Last
$4.37 |
Change
0.170(4.05%) |
Mkt cap ! $229.2M | |||
| Open | High | Low | Value | Volume |
| $4.39 | $4.40 | $4.26 | $32.21K | 7.408K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $4.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.37 | 2666 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$4.29 |
Change
0.170 ( 1.90 %) |
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| Open | High | Low | Volume | ||
| $4.39 | $4.39 | $4.26 | 617 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| TBR (ASX) Chart |