TMX $0.007, Cap $2.4 million, Cash $1.2 million, EV $1.2...

  1. 12,525 Posts.
    TMX

    $0.007, Cap $2.4 million, Cash $1.2 million, EV $1.2 million, drilling in WA
    Most recent assays from project currently being drilled - 1m at 210g/t; 3m at 36g/t. 9m at 17g/t, 6m at 5.7g/t, 3m at 9.37g/t.
    Also holds a JORC 490,000 ounce shallow resource close to area being drilled, profitable at current gold price, valued at $5 million, and count David Porter as chief geologist.
    ______________________________________________________________________________________________

    CAV - does not own the project, still has to pay to purchase

    $0.023, Cap $4.7 million, Cash $1.6 million, EV $ million, drilling in America
    Most recent assays from project currently being drilled - 0.9m at 64g/t, 4m at 33g/t, 2m at 24 g/t, 23m at 4g/t, 24m at 3.4g/t, 10m at 4.6g/t.
    Also holds a net production royalty of up to US$2 million in the Lambouka Oil and Gas project in Italy, which may arise from future commercial production.
    ______________________________________________________________________________________________

    BGS

    $0.01, Cap $8.7 million, Cash $1.2 million, EV $7.5 million, drilling in Africa
    Most recent assays from project currently being drilled - 7m at 9.51g/t, 7m at 2.74g/t, 8m at 2.92 g/t, 8m at 2.98 g/t, 16m at 1.68 g/t.
    Also holds the The Dankassa and Basawa projects, and count Sprott as an investor and a database access agreement with Randgold.
    _______________________________________________________________________________________________

    TAR

    $0.011, Cap $3.9 million, cash $0.7 million, EV $3.2 million, Drilling in Africa.
    Most recent assays from project currently being drilled - 3m at 7.84 g/t, 1m at 7.8 g/t
    Also holds the Kosser copper-gold porphyry project, and the SLAM gold project, and counts Frank Terranova as Chairman.
    _______________________________________________________________________________________________

    Thoughts:

    CAV, TAR and BGS all seem fairly valued at current share prices.

    TMX should be valued slightly higher than TAR and CAV, and a little lower than BGS.

    SO fair value for TMX, relative to CAV, TAR and BGS, would be about $6 million market cap, which equals 1.7c.
 
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Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $5.298M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $30.56K 10.18M

Buyers (Bids)

No. Vol. Price($)
3 1638470 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 18878608 12
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Last trade - 15.26pm 25/11/2024 (20 minute delay) ?
TMX (ASX) Chart
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