TSO 6.45% 3.3¢ tesoro gold ltd

Ann: Drilling results demonstrate wide gold zones at El Zorro, page-307

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 498 Posts.
    lightbulb Created with Sketch. 944
    Yes, great interview. Very humble and very conservative guy, as what we have been observing since February. I would like to sum up a few interesting points:
    - He is confident that the deposit is significant. When being pushed to speak out a number, he tried his best not to reveal price sensitive information but did mention he aimed for a production rate of at least 100koz/pa and a mine life of at least 10 years.
    - He himself is unclear about how big this can be. Evertime they put in some work, they found more gold and it keeps on extending.
    - The next few batches of assays gonna be interesting. He said the cores look exactly like what they hope for.
    - He said a lot of other goldies with higher MC but is not anywhere near what TSO is having.
    - TSO is at a discount due to being at the other side of the Ocean but Chile is infact a worldclass mining environment and is appriciated more by the Canadian TSX. He thinks Chile is even better than WA.
    - Covid19 had no impact with what they are doing.
    - The ultimate goal is still progressing as quickly as possible into production.
    - He is confident to bring TSO to a big enough market cap in order to attract institutional investors to fund the next phase: production.
    Last edited by Bellavena85: 29/08/20
 
watchlist Created with Sketch. Add TSO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.