re: Ann: Copper and Gold Intersected in First...
Hi Folks,
Not as close to cash backing as some appear to think. I've just looked at the QR, and there's just on 60 million shares, giving a mc of $12mm at 20 cps.
Only about half of these appear quoted so far, which often throws platforms that purport to give you a company's mc - User Beware!
I have no idea what the results mean in terms of prospectivity implications, but at face value just on casual comparisons of a geoilliterate, looks pretty subeconomic.
Looking at recent announcements, what intrigues me more is IGO nominating their Exploration Manager for the board.
I will continue to watch, due to the IGO connection. Pity the oppies weren't more liquid, as the whole company is really an option (with raising a lot more money in the event of exploration success, and a dissapearing sp and/or dilution if not), but much more leverage with the oppies as usual.
EL
TRL Price at posting:
19.4¢ Sentiment: None Disclosure: Not Held
