morning traders 18 / 1, page-79

TIE - Keep your eyes on this new listing 10am WST... should be a good gold play.. lots has happened since they raised..

MC $40m at 20c after raising $6m in December;

Since IPO was raised in December:

• Gold price has lifted from $1240 to $1340
• Other gold developers trading strongly (OKU has almost doubled to Mcap >$150m with no resource announced yet)
• Other points to consider

• Ivory Coast is much safer jurisdiction than surrounding areas (ie Mali).
• Looking to drill 30,000m in 2018 (drilling deeper and along strike)
• Targeting 2moz resource base by end of 2018
• Current open pit resource grades currently at 2gtn for 700koz
• TIE continues to look for further opportunities within country