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Valuation
posted on
Feb 29, 2008 06:36PM
At current metal prices, 650 million pounds of moly equate roughly 22 million ounces of gold.
KRY.TO (a company considered undervalued due to political risk) has about 21 million ounces of gold and is worth 540 million.TTQ is worth 70 million, 13% of KRY, despite that their metal-in-ground values are about equal.
