$TMRC – Texas Mineral Resources: Relative Projected Market Cap Valuation

@ $65/lb. U308 = $10.01

@ $28/lb. U308 = $4.31

Texas Mineral Resources presently trades at a mere 4.6% of intrinsic value ($4.31) at today’s spot uranium prices, cementing it in the pantheon of U.S. development-stage companies as among the most grossly undervalued.

$TMRC Resource Estimate (Uranium, ex-REEs)


Corporate Presentation

NI 43-101

2 replies to “$TMRC – Texas Mineral Resources: Relative Projected Market Cap Valuation”

  1. Tom,

    For the valuation you conducted, how does one take into account that the company has offered its funding/development partner “… 70% interest in Round Top rare earth project once $10 million funding leads to a bankable feasibility study and can thereafter earn an additional 10% with a $3 million cash payment to TMRC.”? Does this imply shareholders will never see the full value of the resource because the company is selling 80% of it? Also, your valuation is based on U308, ex-REEs, so how can one incorporate this additional resource into your valuations? I suspect your valuations would be much higher.

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