Re: Dave Webb's Comments on the Sh post.
in response to
by
posted on
Mar 06, 2009 02:28PM
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>>>And finally, I suppose the Market is right again: TDC closed at $0.16 with a market cap of $25M; CMF closed at $3.25 with a market cap of $151M (and they own only 78% of the Meliadine gold project!).
Complex has mineral plus oil and gas revenue amounting to over $4 million per year. And, they have $30 million in their treasury. They may have as much as $7 million in capital assets attributable to their oil and gas side. They also have several other properties, which would add some value as well.<<<
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Dr. Webb is a class act indeed. He concisely gives the reasons for the vastly different market valuation rather than taking the huckster approach by claiming that Tyhee should be valued much higher. Whether Tyhee is undervalued or not, he answered the question only. High praise for straight talk Dr. Webb.
Strike