Ann: Tesoro increases ownership of El Zorro to 85%, page-52

In the not so distant past an announcement that we had increased our ownership to 85Percent would have added 5c or 10c at a minumum to our share price.

It is a big deal.

I love the breakdown of how the company intends to spend the money going into the exploration coffers especially mention of having a sniff around the expanded footprint...the market has come to expect gold in every hole from our current drilling what if we give them gold 10km away?!!!

Still a massive and growing gold resource, still a likely T/O target.

Gold sentiment may have changed because the very respectable $1600-$1800 US gold is mostly hovering around doesn't excite the market like $1900-$2000 did but still a massively profitable figure for a low cost bulk tonnage like TSO will be.