TYX 0.00% 0.4¢ tyranna resources limited

Lots of blue sky, page-9

  1. 5,015 Posts.
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    Hi aggott88 Im still working on your question but it raises so many more questions. The reports about Jumbuck would put its value at $4million but the board was happy to see it go at $1 million. In reporting about Eureka the board stated that if we mined we could expect to be $3 million cash positive with the gold price at $1900 and increments were put at $1.8 million for every $200 increase in the gold price. This would make Eureka cash positive at $10 million but the board prefers to leave this $10 million in the ground. The Goodsprings project cost us $100,000 plus 141,176,470 TYX shares at the time valued at 1.7 cents but since then the cobalt price has gone down by 2/3rds. We picked up Knight and Dragon for shares in TYX how many I cant remember. But our problem is not our assets we have always had good assets its just that we sell them cheap or in the case of Eureka just do nothing with a perfectly in order working gold mine well it was when we bought it.
 
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