Lets hope so. Depends on how good Abuja actually is I guess. Addressing The Argonaut broker concerns, the short time frame to production could be difficult to meet, but I dont really think investors will be too concerned if first gold is in January or February, rather than December. It makes little difference to the profitability of the operation. And it wouldn't be the first time that an operation poured some tiny dollop of gold in the bottom of a mold so they could make the announcement - then spend the next 6 weeks finishing the plant
More concerning is the mineralisation continuity argument, which realistically, we just dont know yet. I will be very eager to go through the MRE with a fine tooth comb, and hopefully it will all stack up .The MRE is overdue now, so with luck, very soon. Likely mill throughput will be on the up side also, which means lower grade ore could be processed along with higher, without penalty.
I hold a large position in TIE at an average 44 c, so have both fingers and my legs crossed as well
My biggest fear still remains a pre-emptive takeover at less than $1 per share . I note that the Top 20 shareholders hold the bulk of the company, so that may be either a good or a bad thing in a takeover bid.
We will soon have nearly 1 billion shares on issue. More than enough dilution. if we track WAF , then in 18 months , our market cap could be circa 1.3 billion , or $1.30 a share, and i will be a happy man indeed.
But I'm not quite ready to crack the champagne bottle yet......................
I live in hope Though Good luck to all holders.
TIE Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
Good luck to all holders.
