dcf valuation 2.58ps, page-8

I looked into the analysis of the book value of TTY some months ago with a trader friend and we thought (not too much science around this) but that it was currently .84-.92, hence i bought in at that time.

So disappointing to see the sp sliding like this, but the facts are pretty stark in regards to;
No bank debt
Money in the bank
Big backers
Heaps of personal investement from the chairman
Good cash flow
Record demand for it's product
Good prospects for finding more of a relatively common mineral
Highest quality grade of any junior
Best logistics set up
Hugely experienced management team (good record of success too)
And one major failure in an invetsment.

The way the sp is going you would have thought that there was no chance of a resource upgrade and all the money had been lost in the MON investment.

Reality is that TTY will receive money back from MON, how much is anyones guess, and they will find more IO, how much is the question.

it's going to take awhile for sentiment to change on this one, but no point selling now as it may have lower to go, but not much more I wouldn't have thought. Just my relatively uneducated opinion of course