TBR 1.54% $3.95 tribune resources limited

From the annual report, as at 30 June 2015. "Gold on hand at 30...

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    From the annual report, as at 30 June 2015.

    "Gold on hand at 30 June 2015 has a net realisable value of $244,037,874 (2014: $169,489,965) measured at spot rate. Gold
    in transit had a net realisable value of $1,105,244 (2014: $2,327,412) measured at spot rate. Spot rate for the year was​
    $1,529.22 (2014: $1,393.11)."

    At the current spot rate of A$1660 that gold will have a realisable value of $258 million and doesn't include any gold that has been added since 30 June 2015.

    So the best answer I can give is greater than $258 million/$1660/oz = 155,421oz

    You can probably add another ~ 11,000oz for the last 7 months of production. So maybe about 166,000 oz (atributatable to TBR) currently worth about S275 million. If that's right its not bad for a company with a market cap of $176 million.

    @worez1 normally has a better handle on this question. Maybe he has a better idea.

    Eshmun
    DYOR IMHO
 
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