TIE 0.00% 67.5¢ tietto minerals limited

January Production

  1. 301 Posts.
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    13500 0z in January is a fair effort , though many posters predicted more back in December and are likely disappointed.
    Positives are the plant throughput , which exceeded 5MTPA annualised. This without any major debottle- necking costs. Whether they plan to spend money on this in 2024 is unknown , but probably better to focus on grade improvements now.
    Mine output also greatly improved , so finally enabling stockpiles to be built. They will need a lot more ore stockpiled before June and the start of the rainy season.
    Grade was back down to close to 1 g/ t , significant drop.
    Assuming things go well from here on, TIE look to me like 13-14 K oz per month will be the likely average for 2024.
    Giving 150-160 K ozs for the calendar year.
    Not the 170 K ozs hoped for.
    Yearly forecast will be released at end of Q1.
    Costs to be released then also.
    Whilst not quite as stellar as first envisaged , still a solid earner, and debt free in another quarter.
    with some possible upside for 2025 , if the H/L goes ahead.
    and the possibility of further drilling successes.
    So what would be an appropriate market cap for a company with these metrics ??
    any suggestions? And reasons ?
 
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