TNRI could reach $2 - $3 a share.
Here’s what I think is happening: TNRI is a sleeping giant about ready to come back to life because of renewed demand for silver and the coming hyper-inflation.
It’s also worth noting that the outstanding shares for this company might not be accurate. This company has been so inactive for so long that many portfolios probably wrote off, zero’d out, their holdings of TNRI for tax write offs. What the real number of outstanding shares is we probably won’t know until there is new management and a new audit.
As I’ve said repeatedly, small mining companies were inactive for a decade because of the low price of gold and silver. But with the recent increases in prices and the shortages of gold and silver bullion, this is changing. Small mining companies are coming back to life. I think the long-term value of Titan Resources is $2 - $3 a share, but it might take a year to get there.
