note ive been ULTRA conservative here with my valuations coz we're in a silly market.
THIS IS IN PRODUCTION!
THE MINES ALREADY BEEN DEVELOPED!
THE BALL MILLS IN PLACE AND WE'RE ALREADY IN PRODUCTION
ANOTHER BALL MILL COMING IN 2 MONTHS
THERES A FUNCTIONING MINING OPERATION WITH PEOPLE + EQUIPMENT WORKING THE MINE
COPPER IS BEING PRODUCED DAILY
***THIS ISNT A PURE SPECCY!
Like I said with 3000 tonnes we get 4.4 cents per share; In a bull market youd get a PE of 10 (to reflect growth aspects and future resource upgrades and future projects)and u get a 40c+ value!
4000 tonnes gives 5.8 cents per share. In a bull mkt youll get PE 10 and a 58cents valuation
right now in a bad bear market id give it 22cents-29cents value and if you discount 15-20% for risk , youd get 20-25cents
So if you buy now and wait for the market to recover and get back to fair value or above, you could in effect buy at 13-14cents and by the next bull run itll be closer to $1.
Doesnt hurt to buy a few
I dont hold at all
Im looking into buying some for long term now, coz ive done the analysis, but im gonna do more.
Im not gonna buy heaps, just a few .
A few will be enough to make me happy later this year.
If management can get us to 4000 tonnes, we're gonna make 58mill for a whole year.
thats quite a bit of dosh which can be put towards drilling and getting more copper and expanding the copper production further.
Eventually itll produce alot more copper than 4000 tonnes!
Then you got the gold
Down the line thisll be a cash-cow with increased copper proddy and exploration success via drilling
Looks all good on paper
At 13-14 cents its a steal if 3000 tonnes is acheived in april going forward.
3000 tonnes is 44 mill rolling in
and within 6-9 months itll be 4000 tonnes with 60 mill rolling in.
its undervalued based on these production figures whichll eventuate in the near term!
thats the bottom line!
TMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
