Tribune has a current PE ratio of less than 3 (around 2.6 on my calcs) as follows:
Last quarter profit of $3.8M = approx $15M Market Cap = $40M PE = 2.7
Unless I have missed something, this thing surely must get re-rated, despite the sometimes colourfull characters running the company.
There appears to be very few options or other potential dilution. Te mine is steadily making gold with the past 3 quartely reports all increasing net cash profits as the mine ramps up to full and steady production for teh next 5-7 years.
This has been long forgotten by almost all since the heady days of the Raliegh discovery when it was a bit of a darling.....but I think the time is ripe for this thing to start churning out cash....maybe dividends to come?
New potential mines in the nearby area under Feasibility study (Hornet, Rubicon) adds some potential.
Would be interested in others option.
Process
TBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
