TBR tribune resources limited

TBR/RND own 49% of the EKJVTheir share of production is 70,000...

  1. 162 Posts.
    lightbulb Created with Sketch. 13
    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

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$4.90
Change
0.170(3.59%)
Mkt cap ! $257.0M
Open High Low Value Volume
$4.73 $4.90 $4.73 $8.166K 1.687K

Buyers (Bids)

No. Vol. Price($)
1 572 $4.80
 

Sellers (Offers)

Price($) Vol. No.
$4.91 4000 1
View Market Depth
Last trade - 16.10pm 13/08/2025 (20 minute delay) ?
TBR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.