The trials and tribulations of TTR over the last year coupled with the August hit on confidence/risk assessment of junior miners has resulted in a very depressed share price.
The new cornerstone investors have come in at bargain basement prices but will be important partners for TTR as the Phillips River seeks project funding for start-up. This has resulted in a small lift in the share price.
With gold, Copper, Silver, Zinc and Lead current prices it is time to revalue the stock. A simple exercise is to plug in some current prices into previous ones done by TTR or Patterson's. After making some allowances for increase costs, margins are looking very very attactive.
Continued strength in gold and base metals will see the new and long term backers wanting to fast track Phillip River.
Time for the market to revalue this stock.
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