TSO 11.1% 3.0¢ tesoro gold ltd

Ann: Ternera gold mineralisation extended 400m south, page-9

  1. 2,366 Posts.
    lightbulb Created with Sketch. 1796

    Hey Legend, we have missed you and your banter.

    Regarding the timing, who knows, but we think Cube are currently underway with the update and could be released possibly next week or week after.

    General consensus is that it'll be around 1.3Moz with 1Moz of it above 1 g/t obviously also to hit the performance rights.

    123Davids updated model excluding today's results had the resource at 1.32Moz & at $1700/1800 pit constrained around 1.2moz.

    It is safe to say that the regional exploration drilling has been put on the back burner. All rigs as of recent months has been focused on Ternera.

    Based on an analysis of the drill productivity, we're running about 3-4 rigs so cash burn will have dropped.

    If we stick strictly to the programme in the Investor presentation then cash wise we should be ok complete the scoping study & progress into feasibility. Especially if the SPP Shortfall is filled or mostly filled.

    Not long now till the resource update is released and SS to follow shortly after.





 
watchlist Created with Sketch. Add TSO (ASX) to my watchlist
(20min delay)
Last
3.0¢
Change
0.003(11.1%)
Mkt cap ! $36.88M
Open High Low Value Volume
2.8¢ 3.0¢ 2.7¢ $41.54K 1.504M

Buyers (Bids)

No. Vol. Price($)
1 100000 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 122372 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
TSO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.