TBR/RND own 49% of the EKJV
Their share of production is 70,000 ounces per year.
Below is a post from "jaudi" a few weeks ago..
"Mine Life around 6 years with limited exploration going on.
Grade 12g/t overall costs around $400 per ton
Gross Profit around $60m plus per year.
TBR has around $70m of cash or gold at 30th June 10
Page 35 & 67 of annual report
Present Value Valuation of their 49% of asset say around $200m
TBR 75% $150m RND 25% $50m
Plus cash $70m
Plus 46% of RND $25m plus
Plus Ghana assets
Plus current production from june 10"
Had a very good meeting with management and certainly confirmed all the above. In fact, and as jaudi says, all his calculations are based on the June 10 annual report and it certainly appears from my discussions that things are only getting better.
Ghana project, which is immediately adjacent to the Perseus project, and where one of the Perseus drill programs stops at the boundary, could also be a major project.
I cant understand why this company is not on broker radars.
Probably because they have so much cash and bullion (must be close to $100m) which in itself is worth $2.00 a share.
They dont need to place any stock so brokers not interested.
Do your research
- Forums
- ASX - By Stock
- huge buy, seriously under radar
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TBR/RND own 49% of the EKJVTheir share of production is 70,000...
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