GOLD 0.51% $1,391.7 gold futures

most undervalued gold stock

  1. ink
    1,413 Posts.
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    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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