Post by
schocor on Sep 08, 2021 4:45pm
Nice Pop - Fair Value of this Company
Nice to see this little pop in price today. It reminds me that 1> The share float here is very small with most of the shares held long term and not many being traded 2> It is notoriously hard to value junior mining companies. At .14/share Taranis is valued at about $11M. If somebody wanted to buy 300k shares they might have to bid the price up to .20/share to do so, the company would then be valued be valued at $15M. In my mind, a fair value of this company given what has been invested and shown so far would be $20-30m; so share price of $.25/share ish. All these pontifications aside, I am planning on holding what I have until this years drill results at a minimum. Might be time to accumulate more. This company does look very cheap compared to other junior miners and seems to be geared for future success.
Comment by
pantonor on Sep 08, 2021 11:32pm
This post has been removed in accordance with Community Policy
Comment by
TrumpThis on Sep 09, 2021 11:40am
Don't know if recent buying is by newbies or oldies, but agree that pop is good to see. TRO continues to drill on Thor Project (old T. Eaton Estate property & historic manual mining in 1890s, 30s, 50s & 70s) and expand the resource. Hope a new discovery occurs.