www.marketwire.com/mw/release_html_b1?release_id=222504 -
[Cached Version]
Published on: 3/2/2007
Last Visited: 3/3/2007
DALLAS, TX -- (MARKET WIRE) -- March 02, 2007 -- Micros Report Director of Research Michael A. Willingham introduces a favorable research report on Terra Nostra Resources Corp. (OTCBB: TNRO) which can be found at (http://microsreport.com/pdf/TNRO.pdf).
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Mr. Willingham detailed the valuation reasoning in the report and had these comments on the company: "The most recent financial statements dated November 30, 2006 show cash of $34,727,127, assets of $181,191,554, and six month revenues at $111,962,015.The company projects over $1 Billion in annual revenues by end of fiscal year 2008 with attributed profit that year expected around $80 million."
Willingham continued, "Using estimated financial projections and industry applicable forward P/E ratios, the stock of TNRO seems significantly undervalued at its current price."
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