A tale of two stocks...In elephant country, PJX Resources announced that they had identified a large MT anomaly at depth that could represent a massive sulphide body. At the time of this announcement, the company was being valued at $15.5 million. A little more than a month later, a $1.36 million private placement having been closed and the share price sitting at a double, PJX now sports a market cap of $33.5 million.
In elephant country, Timberline Resources announces that they have identified a large IP anomaly at depth that is believed to represent a distinct body of sulphide mineralization. Timberline further suggests that this anomaly sits at the edge of their most recent drill hole, CCEC18-02 which intersected 1.8% Cu over 14.2 metres in a newly discovered porphyry system. At the time that this was announced, the company was being valued at $3.9 million. This was announced not even a week ago and though the share price has moved from 9 cents to 12 cents (up 33%), interest can only be described as "underwhelming". TBR now sports a market cap of $5.2 million.
Don't see a lot of difference between these two companies other than one being valued at more than six times the other. Does TBR just need a month to get the story out as did PJX or will this company remain in obscurity? We shall see. But one thing for sure, me thinks TBR a worthy punt at these prices given that a somewhat modest $15 million company having achieved this level of encouragement to date would make TBR nearly a triple from where it sits today.