Timberline Resources Corp (TLRS)

[silver100]

TDI had revenues of $8.62 million in the last quarter alone, so a sale of it for just $13 million seems pretty low to me, but who knows what TDI's debt is, and who cares now I guess since its gone (assuming the deal closes).

In the end I guess I just have to trust management on this one, and assume they made a good deal.

All one can really do is look to the future now.

As I look back, the market never really liked or understood the whole dual business model, but it got us through some tough years, and its time to move on.

So, what do we have now?

-A clear, simple business model of gold exploration, development,
and production.

-No debt AND a good share structure (61.1M out, 79.1 FD)

-Cash flow from gold production at Butte Highlands early next year, subject to permits etc. (50-percent carried-to-production interest)

-Great potential at South Eureka, and several other projects.

-A market cap of just $53.5 million.

Market will be looking for assurances that Butte production will happen. Following that we can move on down the pipe with South Eureka, etc.