OTCPK:MEAOD - Post by User
Post by
cambuson Oct 19, 2010 1:27pm
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Post# 17582824
valuation
valuationI followed up on my comparison of TRR and MTO.
TRR doesn't have a 43-101-NI compliant resource but on Historical Data has 269,300 OZ AU measured and indicated.
MTO has 43-101-NI compliant 937,450 at Bachelor and Barry alone. Measured and indicated.
TRR market cap is $94mill
MTO market cap is $53mill
On the face of it it looks to me like TRR is 6X more expensive than MTO
Admitted TRR has a new discovery at Goose Lake but MTO has at least 5 other properties I didn't include.
Share price seems to go according to flavor of the week these days.A write up or a new , but unproven , discovery can work wonders.
With the other advantages I mentioned before MTO seems to be worth more but the market doesn't agree.
I have a small position in both companies which is what got me into this comparison and I did it on the back of an envelope, and I know very little about mining so feel free to point out obvious mistakes or omissions and do your own DD.