market cap same as 2007 ebitda

Gold/ copper producer - Market cap of $38 million.

All but unheard situation here, whereby with this company, their pre-tax profits will match their current market cap. That means after tax, a 2007 PE of about 1.3

Yes, I admit they still have to raise $30 million - but that PE will contract if gold/copper prices continue to rise.

Company out Thursday with revised earning of over $100 million surplus cash from operations, or NPV of $48.2 for their 4 .25 Phillips River project. Remove time discount abd the NPV of $48.2 million works out at $17 million PA nett profit.

Thats a PE of 2. (How did we get to a PE of 1.3)

TTR have a current J/V operation with EXT which is right now producing 40,000 ozs PA. Also the prices used by Thursday for gold/copper are way below the current closes. If we adjuct for last nights close, gold almost A$900 per oz and copper A$10000 per tonne- adds another $45million over 4.25 years to that $100 million surplus cash predications made on Thursday.

Second chance here with this stock if you have missed out so far with gold/copper boom. Thus is a real company who will be generating dividend yield in 14 months.