update on resource

With Gold currently at A$1431 I thought it worth to update the "insitu" or "in-ground" resource value. I use this as a way of comparing near production projects.

Currently TTRs insitu resource at current metal prices is A$2.379Billion which represents 0.91% of Market Cap. or about A$6.50 per share.

Given that TTRs Resource is shallow and relatively low cost mining (C1 less than A$500 per Au oz) and nearing definitive feasibility, a share price valuation of around 5% of insitu value would seem reasonable which equates to just over 30 cents per share. So the present share price of 6 cents per share is an indication of a lot of market uncertainty.