WallStreetBets7
3 years ago
TNRI could reach $2 - $3 a share.
Hereโs what I think is happening: TNRI is a sleeping giant about ready to come back to life because of renewed demand for silver and the coming hyper-inflation.
Itโs also worth noting that the outstanding shares for this company might not be accurate. This company has been so inactive for so long that many portfolios probably wrote off, zeroโd out, their holdings of TNRI for tax write offs. What the real number of outstanding shares is we probably wonโt know until there is new management and a new audit.
As Iโve said repeatedly, small mining companies were inactive for a decade because of the low price of gold and silver. But with the recent increases in prices and the shortages of gold and silver bullion, this is changing. Small mining companies are coming back to life. I think the long-term value of Titan Resources is $2 - $3 a share, but it might take a year to get there.
WallStreetBets7
3 years ago
This can reach $2 - $3 a share. Hereโs why. I am adding new info here and repeating some info I posted previously. There are some big moves being made in the silver and gold markets. Massive shortages of bullion. Big banks are trying to keep the prices of silver and gold down to control for inflation, but it probably wonโt work. WallStreetBets/Silver is buying up silver like crazy. Even Musk bought a bunch of precious metals (in addition to bitcoin) over the weekend. People are betting against the dollar and expecting inflation, especially if Biden does more quantitative easing, which seems likely. What does this mean? It means that within the next couple years silver could get up to $500 / an ounce. Yes, that seems crazy, but many think it is likely. And if silver goes into the hundreds, mining stocks will skyrocket. Already big players like Sprott are going around and partnering up with junior minors and bigger companies are looking to buy the assets of smaller companies. This will be a long play. Iโm talking about a year or two. But, yes, I think $2 - $3 a share is reasonable.
If you want an idea what Iโm talking about, read this: https://renaissancemen.org/2021/02/02/why-the-silver-longs-and-eric-sprott-can-defeat-the-silver-shorts-an-education-in-4d-chess/