Starplus,
the reality, is Mt stirling and Stirling well will get a nice gold resource upgrade q1 next year.
Based on Mt stirling open to the se, and already tested at 250m, there target of 380m will be on the mark.
I expect Mt stirling and Stirling well to grow in size to 150k to 200k oz gold minimum. 300k oz plus is possible if the resource is plus 400m in strike.
That alone will value tnr at 3x its present cap or around 70m minimum.
Then we can add in diorite and Mt Monger for the bonus.
It will be the gold resource upgrade that will get tnr rerates as ozs in the ground is proven money, also a reason for red, who is next door to get interested.
There extra cr was to fund a 2nd rig, not because they needed money.
You state you was, surprised by the 2nd cr, well I was not.
Also the 2nd cr was done at market price, and most importantly management put there own money in.
Everything tnr is doing points to a much larger resource at Mt stirling. Just look at the pic, with 2 rigs, around 200m apart and all the blue bags.
I suspect your down ramping becase you sold and want back in.
Your guessing cause you have not done your homework.
Im sure the smarter people ain't guessing.
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Mkt cap ! $11.20M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $220 | 40K |
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No. | Vol. | Price($) |
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4 | 11052660 | 0.5¢ |
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Price($) | Vol. | No. |
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0.6¢ | 7632190 | 7 |
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10 | 6340000 | 0.004 |
8 | 6933652 | 0.003 |
7 | 8500101 | 0.002 |
10 | 20390151 | 0.001 |
Price($) | Vol. | No. |
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0.006 | 7632190 | 7 |
0.007 | 11547234 | 11 |
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