Another production run (Number 18)announced with a further 8,642oz credited to TBR account. This, if sold at spot, would equate to revenue of around $12.1m.
Therefore my previous estimate of $100m held in cash and bullion is now $110m.
JUST HOW MUCH BULLION IS REALLY HELD ON THE ACCOUNT OF TBR AT THE PERTH MINT??
In addition, as TBR own 44% of Rand Mining, and Rands share of production was 2,880, then that equates to a further 1,267oz to TBR or a further $1.8m.
The question then is also how much Bullion does Rand have at the Perth Mint.
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