GREY:TRYRF - Post by User
Post by
presto10on Dec 20, 2008 2:52pm
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Post# 15659648
TRY vs.
TRY vs.Holy smokes, if I thought TRY was very undervalued compared to monkey man's company I could make a like comparison to EDR. EDR has lost $13m after 9 months this year dropping $20m cash on the b/s at the end of Dec 07 to just $5m at the end of Sept08. This is while EDR was IN PRODUCTION. Volumes will increase but not that significantly; cost per oz will decrease but not materially. They need fx cooperation and much higher increases in silver prices or else they will soon run out of cash. Yet EDR trades at 50m o/s x $1.25 = $60m market cap vs. TRY at $56 million. Rock says we'll be operationally profitable by 2nd half 09 and with C$50m in the bank at the end of Sept, I'd say we were a significantly better value than EDR? I think so w/ 50,000 oz to be produced at an annual cost of $300 commencing soon, we do NOT need to rely on $800 gold to be very profitable.
Of course I shouldn't malign any co. and that's not my intent, really. Just that, how the heck are you supposed to benefit from SH if no one does any comparing when buy and selling is all about judging ALTERNATIVES. I'm working towards freedom whatever and shariing DD for a company I own and that I think will do well; while other's are more interested in pumping and defending their plays w/ school yard language and no factual basis.