Make it simple, TTY will be producing 1.5mlntpa which is equivalent to $30mln in earnings. TTY targeted to double this production rate within 18-24 months i think....
- At $30mln earning alone, it is more than enough to value TTY at $1.20. Any further increase in production or acquisition means upsize to TTY's valuation.
The last 2 days sell down is basically down to fear, and investors preference toward certainty and security rather than something that causing dispute, etc.....
TFE
territory iron limited
possible sell down might be investors jumping, page-6
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