Hey worzel1, when I do the maths on the cross ownership I get 128,196 oz attributable to TBR
TBR holds 149,871 ozs directly at EOY. They are also entitled to 44% of the gold held by RND, 42,896 ozs at year end. You also have to factor in that RND is entitled to 26% of the gold currently held by TBR.
Multiply that by $1545 and it equates to 198m and the mc is 263m
Did I fark it up?
W
Gold on Hand Worth MORE than Mkt Cap!, page-36
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