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3.26% $4.75 tribune resources limited

Hey worzel, thanks for your explanation. I used a simple method...

  1. Wack
    2,254 Posts.
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    15/12/16
    15:07
    Post #: 21365168
    Hey worzel, thanks for your explanation.
    I used a simple method as follows.
    Total gold held by Tbr is 149871 oz less Rnd 26% ownership = 110905 oz
    Tbr also owns 44% of Rnd 40896 oz which is 17994 oz

    So Tbr ownership is 110905 plus 17994 =128899 oz
    128899 x current gp 1539.00 is 198,375,561
    Then divide that number by the total number of shares of 50m gives me $3.97 c/share in gold value held. Current sp 5.25
    W
    TBR Price at posting: $5.25 Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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