TTR tectonic resources nl

Sorry AllMust have been a long day or very optomistic puting the...

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    Sorry All

    Must have been a long day or very optomistic puting the price of gold at A$2,237!!!! of course it is only $1,237.

    So redo the sums

    94,000 x 1237 = $116m x 85% yield = $99m
    less C1 cost 94,000oz at $600 = $56m

    adds only $43m to gross profit.So it only adds 10 cents plus to value per share.

    Sorry all don't know how I stuffed that up. But I think the point still stands about the value added by this resource upgrade. May be by the time TTR starts mining the gold price could be over A$2000.
 
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