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1.68% $4.83 tribune resources limited

Gold on Hand Worth MORE than Mkt Cap!, page-36

  1. Wack
    2,254 Posts.
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    14/12/16
    15:06
    Post #: 21334685
    Hey worzel1, when I do the maths on the cross ownership I get 128,196 oz attributable to TBR
    TBR holds 149,871 ozs directly at EOY. They are also entitled to 44% of the gold held by RND, 42,896 ozs at year end. You also have to factor in that RND is entitled to 26% of the gold currently held by TBR.
    Multiply that by $1545 and it equates to 198m and the mc is 263m
    Did I fark it up?
    W
    TBR Price at posting: $5.25 Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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