Tron Founder Justin Sun Offers $30 Million for Hour with Elon Musk
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Benzinga
- Payment Willingness: Tron founder Justin Sun expressed his willingness to pay $30 million for a one-hour private conversation with Elon Musk, showcasing his admiration and respect for the tech mogul.
- Wealth Proportion: With an estimated net worth of $8.5 billion, Sun's $30 million offer represents only 0.35% of his total wealth, while for Musk, with $342 billion, it amounts to a mere 0.008%.
- Idol Worship: Sun has publicly praised Musk's business decisions, particularly his acquisition of Twitter (now X), indicating his admiration and intent to emulate Musk's approach.
- Industry Impact: By seeking a dialogue with Musk, Sun aims to draw inspiration from his innovation and determination, reflecting his positive outlook on advancing the cryptocurrency sector.
Analyst Views on TRX
Wall Street analysts forecast TRX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRX is 1.47 USD with a low forecast of 1.25 USD and a high forecast of 1.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.000
Low
1.25
Averages
1.47
High
1.75
Current: 1.000
Low
1.25
Averages
1.47
High
1.75
About TRX
TRX Gold Corporation is a Canada-based gold company advancing the Buckreef Gold Project in Tanzania. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 2,000 tons per day processing plant. The Buckreef Gold Project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes (MT) at 2.57 grams per tonne (g/t) gold containing 893,000 ounces (oz) of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. Its Eastern Porphyry and Anfield zones are located approximately 250 m to 700 metres (m) east of the Buckreef Main Zone.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
