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| | Corporate Profile: Trelawney Mining & Exploration Inc
Publisher: Kaiser Research Online
Author: Copyright 2013 John A Kaiser
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Trelawney Mining & Expl Inc (TRR-V)
| Following a 5:1 rollback in April 2009, Trelawney acquired in June 2009 a 70% interest in the Chester gold property in Northern Ontario that had seen underground development work in the 1980's but had never been mined. Subsequent exploration has allowed the company to publish a 43-101 compliant resource calculation of 131 million inferred tonnes grading 1.0 g/t Au, or 4.2 million ounces. In July 2011 the company announced a takeover offer for Augen Gold, which holds 23,000 hectares of exploration ground adjoining the Chester property, as well as two properties with modest historic gold resources, by offering 0.06 of a Trelawney share per Augen share, a roughly $55 million valuation at the time of the offer. Trelawney is led by CEO and President Greg Gibson, and Chaiman Stephen McIntyre. An updated resource estimate for Chester/Cote Lake in February 2012 described, using a cut-off of 0.3 g/t Au,an indicated resource of 35 million tonnes grading 0.82 g/t Au (930,000 oz Au) and an inferred resource of 204 million tonnes grading 0.91 g/t Au (5,940,000 oz Au) for a potential open pit deposit. In April 2012 Trelawney announced it had agreed to be acquired by IAMGold for $3.30 cash per share, roughly a $608 million value on a fully-diluted basis. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
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