re: Ann: Tiger announcements high grade drill... the results again this morning are world class... including - 100 + metres (FROM SURFACE) grading 1.6% Cu - wow.
Surely the overwhelming wave of positive news is about to break this seller - stage 2 DFS will be ready when resource increase finalised - these results bring that a little closer.
the DFS should show cash costs of $1 - $1.20 - which means massive margins $2 per pound for 50,000 TONNES of production per annum.
on rough estimates (using TGS @60% ownership) - that is $80-$100 cash margins per annum!!!!!!!!!!!!!!!!!!!!! over 15- 20 years.
Cash and receiveables should be approaching $40 mill at the end of this quarter and there is a great chance this cashflow will fund a good chunk of capital requirements (with debt agreement from Trafigura to cover balance).
if someone does not take this out for 50c plus now - the chance is gone forever. i hope they dont because this stock is worth much more than that!
good luck everyone...
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