re: Ann: Significant Iron Mineralisation Inte...
Guys, want to know what its worth? TS is throwing out the bread crumbs for us to follow. From the final paragraph of todays announcement" 25% of the 10 billion Tonkillo project is worth $1.5 billion as a buy in for the Asian investors.
At 1 billion tonnes, Mayoko it would be worth as a minimum $125m-$150m. Much lower grades at Tonkillo though. 30%-35% of magnatite ore.
It will also depend entirely on infrastructure. HAving a rail line with in 4 Km's of the project has quite a few benefits.
TS is doing a great job continually increasing shareholder value through the drill bit.
I can't understand the share price, its got me beat.
CFE Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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