TTY territory resources limited

Forgive the ignorance because I've just started looking at the...

  1. 3,910 Posts.
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    Forgive the ignorance because I've just started looking at the stock, but might the PE be so low because the mine life of the company's only asset extends to just 2013? What happens if they can't find any new commercial IO targets close by? Again, only just come across TTY so still reading.
 
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Currently unlisted public company.

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