RE: RE: RE: RE: RE: RE: Murky Zooloo
Mining markets never use the spot price for calculating reserves in ground value, rember they have to build a mine and extract the ore, process it and then ship it to market all costing a bigger piece of the end sale price.
Gold for instance, the spot price is $1,700.00 per ounce but mining companies share prices are calculated at between only $40.00 - $110.00 per/ounce inferred resource in ground value. thus for gold using the an in ground price of $50.00 per/ounce tranlates into 2.95% of the actual spot selling price.
My calculation for TNR was using $0.03 per/lb price in ground which is approx. 1% of the spot price of $3.25 lb. A little lower because of the lower overall grade of the deposit. Thus the fare market price of $0.43 per/share which will be further discounted a little because of the 2x 25% back in price which should only account for about $0.05 - $0.10 discount for future financing and dilution, thus $0.33 - $0.38 minimum would seem reasonable for the share price unless of there are deals in motion behind the scenes. Of course that price does not include the $0.02 share value for the 1M MUX shares that TNR currently owns, the 25% ownership in their Lithium Company and the value of their promissing Shotgun Property.
All in all the current share price does not even reflect a fraction of the actual value, thus the sale or a takeout is definately in the cards for TNR.
The Dykman