re: Ann: Drilling at Telephone Dam Lead Zinc ...
Agree Nevetis...
In saying all the above- we do have diversity in comparison to IFE... our ROL investment is worth over 20c by itself currently.
Gold\lead\silver products given little to no value. The IFE project given only a few cents in current MC. IFE is all leveraged on the one project that could have 10 bagger ++ upside or down if failed. Whereas the most TRF can drop in theory is 40% odd if WH bites the dust.
Whereas upside is a 5-10+ bagger. Oppies TRFO 10++ potential as they are a leveraged play. Still worth a small punt- yet not betting the farm at this stage of development. Calculate all TRF assets and they should be priced 55-58c odd. negative enterprise value for this mostly holding company of 30%. Well undervalued, as they do minor development work and I guess pretend not to be a total holding company as per last ANN...
Yet we had negative enterprise value for a long long time now, so we used to it. Got rid of the heads and leveraged via the TRFO Oppies for any potential upside in 2011.
As i said worth a bit of a punt. So 10c Oppies are well worth the several bagger if heads go up 50%++ in the future. Upside could be unbelieveable when Ore project coming up to production. Currently a lot of if's and but's by Finchy... time will tell how he manages through these issues.
High risk yet extremely high reward play- you need a high risk tolerance to play this one. Unless u an insider. We are not. Some buys forthcoming from insider yet only small ones- would love to see Ian convert 200k worth in the 75c deal. That would really gain some sentiment from the pro investors IMO DYOR.
TRF Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
