Texas Mineral Resources Corp (TMRC)

[farml1234]

interesting INFO

TMRC Due Diligence


TMRC has had a nice little run on the back on some good media coverage. In 2018 they agreed to sell up to 80% of the project to an investor group called US Rare Earth for a total of $13M in funding. This is a US/Australian pre-TSX listed investor group. This investment group valued 'TMRC' Round Top at a Market Cap of $16.25M. The recent run-up has the market cap at over $45M but Rare Earth One has an option on 80% of Round Top. That doesn't leave much value for shareholders.


They also need $350M CAPEX to build their mine. The market is not going to be ready for that funding for for quite some time. (Recall that Bokan has a $210 Capex requirement with a $145M support legislated by AIDEA) Round Top's grade is less than 1/10th of the Bokan's Resource.

In 2011 the stock soared to $9.00 a share and fell off just a quick. Its extremely volatile. Look whats going on today dropping like a rock. All in all UCORE is the better buy in all aspects.

my 2 cents.