TBR Mkt Cap.......$186M.........Less RND 44% held $(42M).......$144M
RND Mkt Cap.......$95M..........Less TBR 26% held$($48M)..........$47M
Total Mkt Cap.....$281M.................................................................$191M
Total value of RND and TBR held in outside hands is $191M after removing the cross ownership as detailed above.
Gold currently on hand approx. 170kozs......Value at $1,550....$263M
Reserves on hand.....$427kozs........increase of 61% in last 12 months.
Resources increased by 39% in past year.
New mine built completed and producing in last 12 months.
Enterprise value of about NEGATIVE $25M.
Making a profit of about 60kozs of gold per year.......$60M plus.
TBR Mkt Cap.......$186M.........Less RND 44% held...
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