TBR 3.26% $4.75 tribune resources limited

From the annual report, as at 30 June 2015. "Gold on hand at 30...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 11,185 Posts.
    lightbulb Created with Sketch. 2609
    From the annual report, as at 30 June 2015.

    "Gold on hand at 30 June 2015 has a net realisable value of $244,037,874 (2014: $169,489,965) measured at spot rate. Gold
    in transit had a net realisable value of $1,105,244 (2014: $2,327,412) measured at spot rate. Spot rate for the year was​
    $1,529.22 (2014: $1,393.11)."

    At the current spot rate of A$1660 that gold will have a realisable value of $258 million and doesn't include any gold that has been added since 30 June 2015.

    So the best answer I can give is greater than $258 million/$1660/oz = 155,421oz

    You can probably add another ~ 11,000oz for the last 7 months of production. So maybe about 166,000 oz (atributatable to TBR) currently worth about S275 million. If that's right its not bad for a company with a market cap of $176 million.

    @worez1 normally has a better handle on this question. Maybe he has a better idea.

    Eshmun
    DYOR IMHO
 
watchlist Created with Sketch. Add TBR (ASX) to my watchlist
(20min delay)
Last
$4.75
Change
0.150(3.26%)
Mkt cap ! $230.8M
Open High Low Value Volume
$4.60 $4.75 $4.59 $10.06K 2.151K

Buyers (Bids)

No. Vol. Price($)
1 14 $4.49
 

Sellers (Offers)

Price($) Vol. No.
$4.75 1 1
View Market Depth
Last trade - 15.08pm 28/11/2024 (20 minute delay) ?
TBR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.