50K shares traded
Another 50K shares traded at 0.15. With CMS trading at 0.42 with about 232MM shares o/s and a capitalization of nearly 100MM, we have a long way to go, having about the same grade of Moly and the same tonnage. With just 26MM shares o/s, TTS's capitalization is just about 4MM. Simple maths would suggest a price of nearly 4.00 to have a 100MM dollar capitalization. But as the reserves are not 43-101 compliant, supposing to have just 25% odd to be compliant, we should have a price of 1.00 but not 0.15. Or am I wrong?
SB