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3.26% $4.75 tribune resources limited

Rumpel, You have your numbers wrong !! The TBR quarterly is a...

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  1. ink
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    01/08/16
    13:02
    Post #: 18416276
    Rumpel,

    You have your numbers wrong !!

    The TBR quarterly is a consolidated quarterly of both TBR and RND.

    So the group TBR/RND produced around 28,400 ounces, sold around $36.2m of gold, if we assume they got around A$1725, they sold around 21,000 ounces of gold, so left with a net 7400 ounces, plus their cash reserves went up $2m, so potentially they made $2m plus 7,400 ounces at A$1770 (todays gold price), or some $13m (less tax), so say gross profit of $15m for the quarter.

    Cheers
    TBR Price at posting: $7.70 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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