Post by
offshoreskeis on Mar 24, 2011 8:36am
What Trelawney is really worth currently
As calculated by their in ground per ounces value inclusive of mothballed assets with all the high hedged hopes of what may or may not come excluded.
Once again , an estimation of this company's 4.2 million inferred ounces has been bandied about after a subjection to the whole gamut of undulated factors relevant to the Cote Lake resource to arrive at a calculated $50 in ground valuation mark.
At the current $4.85 sp this company is well ahead of itself .
A revised $2.15 is what Trelawney Mining and Exploration Inc is approximately worth currently.
Arrived at by an in-ground calculation rounding out to a $1.75 per share combined with
.40 per share inclusive of assets.
When TRR was hovering between $2.50 and $2.90 per share before the 43-101 release , the anticipation of an M&I resource had already been factored in then. When an inferred only resource was released it didn't pull back as it normally should have but doubled in share price on sheer delusion , hype and deception and on a scale qualifying it as one for the books.
What keeps the sp up where it is now is in itself another case study in what the deceived masses are currently blindly willing to pay.
Comment by
andrewdog on Mar 25, 2011 4:59pm
You have not got a clue of what your talking about. The evaluation is calculated at over $6.
Comment by
Yeswecan on Mar 25, 2011 9:09pm
That is lovely Andrew that you think that. Perhaps the market does not agree with you at this time. I sold my position on Wednesday, and plan on buying back when she swings lower. She has already begun to swing imo.One word of caution, the trading volume is quite low so short term volatile price swings would not be surprising.....in either direction
Comment by
andrewdog on Mar 26, 2011 4:30pm
The market is always right.I hope the sp goes down. I'll pick up cheap shares of Trewlaney's 4 million ounzes of gold at these prices and even better yet if there lower.
Comment by
offshoreskeis on Mar 26, 2011 7:51pm
Your $60.00 in-ground x inferred ounces plus assets would give Trelawney a $2.47 per share fair market valuation. The concensus figure is $50.00 .
Comment by
Yeswecan on Mar 27, 2011 9:40pm
That is the way I see it too Andrew. I love a good bargain on a sure thing. Price dips are always welcome. And even sure things still always take time before they gain their true recognition...and by then, the party is over for speculative investors.GLTA