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Re: point3 post# 3270

Monday, 01/28/2008 6:21:02 PM

Monday, January 28, 2008 6:21:02 PM

Post# of 7631
Point 3,I do not see TRGD as a near $3 stock now.I admit,very hard to assess value.TM looks to me to be worth all of TRDG's current price value .

We need the SM resource estimate to get to your suggested valuation.I see 200 million silver ounces coming within about 3 months.At $5 a silver inground ounce,share swap value,that gives $300 of someone's share certificates to TRGD.So I certainly see a valuation near $3 coming ,per share.
Over 200 milion silver ounce equivalents,or a noticeably higher silver price,add to that possible valuation.

I would expect Rich to give to shareholders either share certificates in the SM buyer,or a cash dividend.If he held $50 million with TRGD he could do some serious rocking.

Of course,by April we will know a lot more about some other properties one suspects.
For now,TRGD and PZG are strong buys.
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