By CRIKEY !What is everyone doing talking about valuations on MY...

By CRIKEY !

What is everyone doing talking about valuations on MY thread, it was supposed to be for obscure things like charts and manipulations of share prices by ferrocious replicators ?


OK ... only kidding folks!



In reply to ABN... I did a very simple valuation of TMR last week , which prompted me to consider investing.

I noted another company, that had very similar issues and profile to TMR, albeit different resource but same part of the world and swear I may as well have been reading TMR thread. One poster presented expected production costs and profit ect , that appeared inferior to TMR , and the general comment of being greatly undervalued by the market, ie SP should be at least double.
A quick Market Cap comparison had TMR at less than half the MC.
So my conclusion was 20c to 40c . Crude , I know , but close enough for what I needed to know , considering what our SP is.