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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (8712)	6/9/2009 11:30:11 PM
From: tyc:>	Read Replies (1) \| Respond to of 23091

It sounds as if TRX would be prepared to deal 100% of MtM to G, for consideration that would allow them to continue with Berg themselves ? I would appreciate your comment. It would suit me if the price were right.... but perhaps we should be looking more closely at Berg.... plus a well financed TRX.

To: onepath who wrote (8712)	6/11/2009 7:15:38 AM
From: tyc:>	Read Replies (1) \| Respond to 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)