Teras Resources Inc V.TRA

Alternate Symbol(s): TRARF

Metals & Mining Gold

Teras Resources Inc. is a Canada-based mineral exploration company. The Company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California. Its projects include Cahuilla Project, Corral Canyon, Gold Point, Superstition Mountain, Sunny Slope, and Watseca Mill. Its main project is the Cahuilla project, located in Imperial County, California. The Sunny Slope gold mine consists of approximately 16 unpatented claims, which is located in Mineral County, Nevada. The Gold Point property consists of eight unpatented claims, which is located in Sierra County, California. The Corral Canyon Gold Project consists of two unpatented claims and is located in Churchill County, Nevada. The Superstition Mountain Gold Property consists of six unpatented claims, which is located in Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, which includes a mill site and 13 patented mining claims.

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Teras Resources Inc

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Comment by thomsonion Apr 18, 2011 3:10pm

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Post# 18448264

RE: RE: RE: Still Flying Under the Radar

kingofcotton

My calcs were based on Teras 100pct WI, not 65%...I got the number of shares from the companies website....and maybe it hasn't been updated in some time by the looks of it. I'll dig around some more since it will clearly make a difference to the upside (which I still think is considerable IF the high grade veins get proven up.) I still maintain the low grade is pretty thin soup, but becomes more attractive (to others) if the high grade component gets proven up.

Thanks for pointing this out. It should be fairly simple to adjust the estimates/price forecast downwards based on a 65%WI and a more accurate total share o/s number....

thomsoni

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