it’s all the options that will dilute and that is factored in now ,to the sp and price action we are seeing imo
as you say exactly how I am thinking we have a sp now could be based on 100,000 oz .
It needs to be a lot higher to move the price up
only one thing may change that is a much higher pog or a jorc above 150,000 oz
And for all those wondering about the 87 options at 3.1c today it was 87 left over from a purchase of 188813 at 2.7c obviously closing someone’s trade after it was placed back in the 2.5c que then finalised at 3.1
Just speculating I noticed today BGL increased their resource with no impact on the SP around 89c however they started with something very similar to what we have in TNR and they are not so far away at all and look what they have now .
Got into BGL at a lot lower SP than we have now and still holding
Ann: Significant Gold Results from Surface at Mt Stirling, page-74
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