Tambourah Metals Ltd T.TMB.W

Primary Symbol: TMBMF

Metals & Mining Gold

Tambourah Metals Ltd is exploring gold and clean energy metals and has a portfolio of strategically located advanced gold projects. The Company’s Tambourah Project is located about 85 kilometers (km) southwest of Marble Bar in the East Pilbara district of Western Australia. The Tambourah Project covers an area of approximately 1520 hectares (ha) and comprises an exploration license (E 45/4597), and four prospecting licenses (P 45/2868-I, P 45/2869-I, P 45/2870-I, P 45/2871-I). Its Cheela gold project is approximately 50 km west of Paraburdoo in the Ashburton district and covers approximately 70 km of the west-northwest trending Nanjilgardy Fault. The Russian Jack Project is located about 15 km southwest of Nullagine. Its Nullagine Project is located about 11 km east of Nullagine. Its TMB Nullagine project is located about 11 km from the town of Nullagine. The Company’s other projects include Shaw River, Tambourah North, WH Sth, and Achilles Ni-PGE-Cu project, among others.

OTCPK:TMBMF - Post by User

Tambourah Metals Ltd > $54M this quarter -- not bad; will move the price upwards

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Comment by dosperroson May 02, 2017 10:05am

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RE:RE:RE:RE:$54M this quarter -- not bad; will move the price upwards

Split, or even just get credit for as a sum-of-parts valuation. Fairfax is wise to this.. I've done this better before, but this sort of idea (below) is what I think of. It's just the quarterly result extrapolated. Where it gets exciting is wiping out about 100M of debt per year and that adds a dollar a year to the SP.

Short version -- don't need to break the company up. Just need a more sophisticated analaysis by potential investors.

	Quarterly EBITDA	Annual EBITDA	Multiple	Market Value ($M)
SC	$23	$92	10	$920
Pulp	$10	$40	5	$200
Lumber	$9	$36	5	$180
Paper	$16	$64	7.5	$480
				$1,780	$17.80	per share
			Less new debt	$620
				$1,160	$11.60	per share