On December 23, 2006 Peter Spina, proprietor of goldseek.com silverseek.com and uraniumseek.com, co-editor of the goldforecaster and goldseek radio recommended Timberline Resources Corporation (TBLC.OB) as one of his picks.
The Timberline Resources is a drilling and exploration company
As of December 22, the stock was trading at $1.17 and posted $0.09 (8.33%) rise.
Timberline has a very bullish chart at this time.
Timberline came as a very small exploration player and has transformed himself into a trillion-exploration company.
In the beginning part of 2006 acquired in full Kettle drilling, which is underground drilling company. Currently, with the boom in exploration there is a high demand for drill rigs. Kettle had 5 million dollars in revenue last year and it could reach 10 millions this year.
Timberline at current price is undervalued just at drilling component.
Drilling side has a big potential.
Price in 2007 expected to be $2 to $3 a share. If there should come across something significant on the exploration side, the company could be significantly higher.
Business Summary
Timberline Resources Corporation, a mineral exploration company, engages in the evaluation, acquisition, and exploration of mineral prospects in the United States. Its mineral prospects consist of gold, silver, and copper deposits. The company’s prospects include the Snowstorm prospect in Shoshone County and Spencer prospect in Clark County, Idaho; Olympic Mine and SUN prospects in Mineral County, Nevada; PAC, HD, ACE, and Downeyville prospects in Nye County, Nevada; Sanger Mine prospect in Esmeralda County, Nevada; Minton Pass and Lucky Luke prospects in Sanders County, Montana; and East Bull and Standard Creek prospects in Lincoln County, Montana, and. Timberline Resources is based in Coeur d'Alene, Idaho.
Key Executives
Mr. John Swallow , Chairman and Chief Exec. Officer
Mr. Mike Wilson , Chief Financial Officer
Mr. Douglas Kettle , 56, Advisory Director, Pres of Kettle Drilling Inc
Mr. Thomas Gurkowski , 65 Sec. and Treasurer
Mr. Stephen Goss , 55 Consultant
Key Statistics
Market Cap : 16.75M
Price/Sales (ttm): 4.84
Price/Book (mrq): 2.47
Book Value Per Share (mrq): 0.437
Stock Price History
52-Week Change3: 78.57%
S&P500 52-Week Change3: 11.20%
52-Week High (10-May-06)3: 1.10
52-Week Low (16-Dec-05)3: 0.30
50-Day Moving Average3: 0.71
200-Day Moving Average3: 0.77
Share Statistics
Average Volume (3 month)3: 3,189.06
Average Volume (10 day)3: 4,375
Shares Outstanding: 14.32M
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