Another important point about in-situ valuations is that you don't need to wait to realise this value. This is what people have bought resources for or generally valued them with.
TRF should be $1-$2 stock on the basis of just the 44Mt on a conservative basis right now.
I like iron ore and gold as commodities for '07 and TRF has both. Many wrote off GWR as overvalued when they first talked up their 200Mt hematite resource back at $0.68... same with JMS at $0.13... etc etc
If just one institution does the proper analysis (and a good source tells me at least one is or has run the numbers) with the stock so tightly held, $1 fair value will be reached easily.
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
