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Gold/Mining/Energy : Canadian Warrants Only
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To: onepath who wrote (8712)6/11/2009 7:15:38 AM
From: tyc:>  Read Replies (1) of 23091
 
You say that TRX's mkt cap per ounce of gold only resource is only $25*. This is particularly remarkable in that slide 14 of the presentation on the home page suggests that at the current Canadian price of by-product copper, gold production would have a virtually negative cost per oz.

(*That appears to be a fully diluted market cap. Gold resources total 6.7M oz. At $25 per oz that's a total Mkt cap of $C167M, which at .35c per share represents 477 million shares)
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