Current Market Cap is $268M at closing price of $4.83
Valuation of company:
- Value of Gold at $2,350 per oz: ......$173M (Current Gold Held about 73.7kozs)
- Cash & Equivs Held: .......................$12M
- Offer made by NST: ......................$112.5M (Made in Nov 2018 & gold at $1,700 - rise offsets recent issues)
- Value of 44% interest in RND: .......$61M
Total Value of Elements: $358.5M
Under-Valued by $90.5M or $1.63 per share - But only if you think the $150M NST offer is reasonable.
Current share price values TBR's mine interest at JUST $22M
NST chase 100% of EKJV, page-7
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