Agreed, so TBR 150,000 ounces plus 44% of RND's 40,000 ounces, so another 17,500 ounces , so 157,500 ounces @ A$1690 =$266m less tax liability.
The only problem with that is the Liberian Iron ore deal has the potential to dilute TBR's holding to slightly over 5% without counting the additional 384m options that may also be out there.
Cheers
Gold on Hand Worth MORE than Mkt Cap!, page-7
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$4.81 |
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Mkt cap ! $230.8M | |||
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