Other producers are also very much aligned to the spot price, including the majors, as I have found (and been affected by). It is understandable for the SP to fluctuate with the gold price but when the valuation is so low then that is another matter. I have not found a statement as to the number of bullion ozs maintained since the Annual and Interim Reports which only state a value "at cost" and that is what I have included in the EV. Nevertheless "at cost" is most likely lower than market value as determined by the spot price.
Actually, after updating the bullion value from the Interim Report, I find that TBR is valued slightly lower than even MML on an EV to Production basis.
Ann: Quarterly Activities & Cashflow Report - June 2020, page-34
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Last
$3.30 |
Change
-0.030(0.90%) |
Mkt cap ! $173.1M | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.33 | $3.30 | $53.22K | 16.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2321 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.33 | 422 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TBR (ASX) Chart |