1.7mill oz gold at AUD850 = $1.5 billion
302,770 tons copper = 660 million lbs approx (using 2240 lbs/ton) = $2.64 billion
4.4mil oz silver = $64 million
Total in ground resources = $4.2 billion
Current market cap = $276 million
Therefore if market cap was to move to just 1/10th of resources share price would have to move from 27c to 40c.
Successful producers/explorers can easily be priced in excess of just 10% of in ground value.
In addition, the share price needs to include something for the "blue sky" element. There is substantial exploration upside in TMR's leases.
calculations, page-3
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Change
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Mkt cap ! $2.061M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $2.236K | 797.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 17961677 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1402393 | 5 |
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