introduction to tri origin minerals ltd, page-94

re: tro and toe: comparison Denpal: 291206
If TRO's value to TOE was fairly reflected in TOE's MC, TOE'S sp should be a minimum of $C1.56!!!

Stolwyk: 050107
The CAN75.923 mill invested in TRO is worth 75.923/48=CAN$1.58 per share but TOE sells at CAN90 cents, a huge discount.

My own figures.
As @ 040107 on TRO holding alone TOE should be worth 77/49 = C $1.57 / share.
Current price = C$0.90

It would appear the discrepancy in valuation between the TSX and ASX is for real –
TOE stated in their reports they carry no debt.
It is very strange – it worries me abit.

I would have thought any overvaluation would have been more likely on the Canadian market.