TSO fair value? Short term target 30c, medium term 60c!, page-364

RXL is being murdered right now. I feel sorry for their holders, including MrAu, Mongy and a few others who passed by the TSO threads a couple of months ago to troll us. There is no joy in seeing you guys loosing money in this tough time so I do honestly hope RXL would recover soon. Now lets have a look at their assays yesterday. Obviously, its not what the market was expected. One of the advantages of TSO to RXL is our scale and our numerous targets. If one target fails to deliver, we still have plenty of other drilling options. The size of Ternera's highgrade zone alone is already massive if we compare it with Grace



And when we put a few step out holes, we kept on getting 100g/m holes, one evn with 300g/m. So far we have not found the edge of Ternera and its highgrade area. Also we had an insane hit rate, 75 holes ALL returned with mineralization. 12 holes with over 100g/m, the majority of the remaining holes also had decent grades. Here is the assays from RXL:
- 6 Diamond holes. Only one found gold at 202m: 1m@ 18.62g/t = 18.6g/m
- 74 RC holes. Only 2/74 had decent grades (9g/m)

- 251 AC holes. Only 1/251 found something significant, at around 60g/m


Besides, management took 3 months to update the market (annoucement about starting AC drilling was released on 16/10/20) and the update was released just 5 minutes prior to market opening
At the same 3 months period, TSO has completed 45 Diamond holes, expanded 3x land mass, put more rigs to work, now 4 rigs working 24/7 and most importantly has constantly updated investors every 1 or 2 weeks.
Guys, we are not only sitting on one of the biggest gold discovery on the ASX but we are in very good hands also!