Love the facts, the bullishness and the speculation to the upside H8 which I very much believe considering Ternera is one of five targets at El Zorro alone and then El Zorro is one of God knows how many potential mine makers when we look at our expanded footprint over 55km or so potential strike.
People doing calcs on the size or worth of the deposit have to remember at this point we don't own all the action. What is it 70% now moving to 80% with a potential to go to 100% down the track which we likely will. But that will cost shares.
Managements not tiny share bonuses which will kick in at the higher level if we find 2mil oz infered are also something for folks to remember when doing not so much project valuations but share price projections. With more proven (well proven at the inferred level) gold come a heap more management shares. And they will deserve them too, so no grudges from me just saying something to keep in mind.
Having put in a couple of sobering points I think it still very likely we will find pathways to get this to mine with comfortably under a billion shares on issue. Which would be very respectable considering the upside of what we are looking at.
Thats if we don't get a knockout killer T/O offer along the way. So long as we investors all get to cap gain halving time first I will be happy however it turns out....
I know management would not even consider deals until we had an awful lot more drilling done. This is shaping to be an absolute beast of a deposit, perhaps a partial sale to fund the rest to mine will be a pathway that opens up.
Anyway Im happy at this point just getting the runs on the board with the drilling. Its the tonnage of gold bearing dirt that will make all the other possibilities come to be choices not just possibilities.
TSO Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
