So correct me if i am wrong. Latest gold pour was around 13,000 oz. 10,000oz to TBR and 3,000 oz to RND. But TBR owns 44% of RND so really around 11,250oz to TBR. At $1,600oz for gold that is around worth around $18m. Yes a further $18m of bullion to the mint. Just how many ounces do TBR and RND hold at the Perth Mint. Any guesses? Is it 50,000 or 60,000 or 70,000oz or 80,000oz. It should be easy to calculate from the last Annual Report. Easy if you go to the fine print, but that is where you have to go, because your directors won't tell you in any releases or marketing or just a general update!!!!!!!!. I reckon at least 70,000oz which at todays bullion price is worth $112,000,000. So the bullion alone is worth greater than $2.00 a share. Then add current and future production, value of Ghana, value of the 44% holding in RND. But the directors, under the buyback, have not bought a share at even the current price of around $1.40. Get on the phone, ask them (if you can get hold of any of them) why they have not yet bought back any shares.
TBR Price at posting:
$1.31 Sentiment: ST Buy Disclosure: Held
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