Agree based on my calcs TRF very undervalued.IFE 50% hodling -...

Agree based on my calcs TRF very undervalued.

IFE 50% hodling - worth $15 mill
ROL 25% holding - worth $ 8 mill.
Cash = $4 mill
20% free carried in IFE resouce worth $8 mill if it wasn't free carrried (i.e IFE valeud at market cap $30 mill for 80% of resource so other 20% worth $30 mill/.8 * 20% = $8 mill). Given that it is free carried and assuming say costs of $100 of development costs that free carry in itself is worth $100 mill * 20% = $20 mill. That gives total value of the 20% free carry at $8 mill + $20 mill = $28 mill.

So total value TRF = $15 mill + $8 mill + $4 mill + $28 mill = $55 mill or around 80 cents a share.

Current market cap at 28 cents = $ 19 mill.

So way undervalued on fundamentals not including any upside for othr tenaments, progress etc. I don't think people are understanding the value of the 20% free carry.

I hold trf

Cheers
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