Independent valuations of MGK,s Titan Metals and Titan Mines for Aug 2010 report shows MIl Resources back then had a almost 50 million asset valuation yet the market values Mil Resources at under 10 million.
Directors and associated companies have recently bought very large and Rogo now hold 40 million.
I think we will see some excellent results from Atui New Britain and a move by a developement partner on Amazon Bay.
This August 2010 valuation should be more now that MGK have announced top results recently for broad mineralisation at Golden Peak.
I need to get more at these levels as i feel its cheap and my holding is minimal atm.
Below is the independent valuations.
INDEPENENT VALUATION OF TITAN MINES by Terence Willsteed August 2010-
*LOW:$15 Million based on the lower range of comparative,in situ attributable investment and appraised values of $15 Million to $25 Million.
*HIGH: $55 MIllion based on the middle range of the project financial estimate and compartive values of $34 Million to $94 Million.
*Most likely $35 Million.
*Financial Analysis:NPV $35 Million to $90 Million.
INDEPENDENT VALUATION OF TITAN METALS by Terence willsteed and Associates August 10-
"The total value of Titan Metals exploration projects is estimated to be $8.5 million in a valuation range of $6 million to $11 million."
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Independent valuations of MGK,s Titan Metals and Titan Mines for...
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