By the way, I should note that counterparties would likely pay far more for TRF's resource per tonne due to its qualities. I've also not accounted for gold or any other associated credits. The current market cap is low relative even to just the current JORC resource, add the superior quality, proximity to infrastructure etc
CITIC paid $3.11/tonne for the Balmoral Project a year ago, and prices have risen since. Apply that to TRF's 44Mt and you get about $2.50/share FULLY DILUTED. On 300Mt you're looking at the $17/share range. 600Mt anyone? Uranium hits?
Don't worry about dilution people. In this market it is a non-issue unless you have some pretty incompetent corporate people.
TRF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
