TBR
The lack of liquidity creates the opportunity.--100 to 150% upside
Tribune-TBR is in joint venture with Barrick--the largest gold company in the world--with the East Kundana Joint Venture-EKJV
TBR controls 49% and Barrick owns 51% of EKJV
Average Grade 13g/t Resource 1.2m ounces Production 140,000 ounces per year
Costs around $400 to $500 per ounce, therefore TBR gross profit on 70,000 ounces around $60 to $70m per year
TBR has cash/ gold at hand of around $80m
Current market Cap at $2.30 around $115m
My valuation around $250m plus ie $5 plus per share
DYOR
Cheers
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