TYC tethyan copper company limited

*** chart talk ***, page-11

  1. 24,765 Posts.
    re: *** still time to get set *** Hi Gerry,
    I agree it is a very sensitive stock. Particularly in light of the major institutional shareholders who control a significant percentage of this stock.

    I'd be kidding myself and others if I didn't accept there is some risk in the location, but I don't think it justifies the phenomenal markdown in market capitalisation.

    From what has been reported, in the years of exploration that have taken place there haven't been any problems in the area affecting drilling, employees' safety etc.

    If this massive resource was located in Australia, it would be media and stockmarket headlines in my opinion. TYC would be many, many times its current price and there would be a pegging rush to get leases anywhere near.

    I think you may have seen my calculations. From memory one dollar buys $1275 worth of TYC's resources of copper and gold. Or put another way, purchase $1000 worth of TYC shares and you purchase $1.275 million dollars worth of their copper and gold!!

    And that resource base is rapidly expanding!

    Cheers,
    SP.
 
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Currently unlisted public company.

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