Only problem with tpt getting to 30c now is it's going to represent a combined MCAP of $117 million which is HUGE for a non producing exploration company...
If Morocco strikes out you could argue the case that it will be back at the 40 million mcap, because that's really all your getting with TPT 1 drill in morrocco.
you get some cash, but i think tpt will have to dive into it's purse to contribute in TOA-1 after the cap gets taken out.
if Morocco fails, JKA shares would be worth about 4.7c (40m/400m)*.47
mcap/shares*JKA% of new company
which is probably what the SP would be with dilution if we had to raise say 10 mill cash at these levels anyway.
so basically if they don't have to raise cash any more, (which is a possibility now that AJE is costed and soon income) we may be about par + we get a free shot in Morocco.
just my ramblings.
Only problem with tpt getting to 30c now is it's going to...
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