TRR announced Resource Update: 5.9M oz. Inf. & 0.9M oz. Indicated
posted on
Feb 24, 2012 08:12PM
That's a total of 6.8M oz. (with most of it in the Inferred category, as PRB). /// TRR is sporting a $ 588M market cap ($ 3.00 x 196M shares fd). /// That's $ 86.50 per in-situ ounce. /// For PRB that would translate to a market cap of $ 363M for 4.2M oz. at $ 86.50. //// A $ 363M market cap with 81,3M shares fully diluted should equate to $ 4,47 per share /// So, even if Probe would double, our known ounces at Borden would still be undervalued compared to Trelawney. /// FANTOMAS