Australia's largest stock trading and investment forum Australia's #1 stock forum

TSO

Click for more information

6.45%

2.9¢ tesoro gold ltd

Ann: New Discovery expands Ternera Gold System 500m to the East, page-67

First 67 Last

Share
Profile

Follow
shikapat

1,564 Posts.

327

08/07/21

09:14

Post #: 54359978
Share

Originally posted by Maverick7: ↑

I'd take Corgi and Shikapat comments with a LARGE grain of salt!

1) @Corgi claiming that you should consider in-pit resources in the upcoming MRE to be "reserves" is completely wrong.
Reserves can only be classified using Measured/Indicated resources, and a fair chunk if not the majority of resources in the upcoming MRE will be Inferred. Also, reserves will only be classified during a feasibility study after taking into account all economic/mining inputs.

2) @shikapat comment that "the cost per Oz to pull it out of the ground may be as low a $600-700 an Oz".
Again, this can only be determined during a feasibility study. Comparing to established mines with very different resource/mining characteristics and pulling a lowest quartile cost out of the air because it sounds impressive without any supporting information is worthless.

Cheers

Expand

Mav... 99% recovery. Open pit. From surface. Close to water, power and a workforce.
Would you use the top quartile? Can't wait for the pfs

Last edited by shikapat: 08/07/21

TSO Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

Reply

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

There are more pages in this discussion • 14 more messages in this thread...

First 67 Last

Add TSO (ASX) to my watchlist

(20min delay)
Last 2.9¢		Change -0.002(6.45%)		Mkt cap ! $43.89M

Open	High	Low	Value	Volume
3.0¢	3.1¢	2.8¢	$19.84K	656.9K

Buyers (Bids)

No.	Vol.	Price($)
1	499107	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	2	1

View Market Depth

No.	Vol.	Price($)
1	499107	0.029
3	258757	0.028
3	587037	0.027
3	831846	0.026
5	1479964	0.025

Price($)	Vol.	No.
0.030	2	1
0.031	173868	2
0.032	913497	2
0.033	1597397	2
0.034	240000	1

Last trade - 16.10pm 26/08/2024 (20 minute delay)

TSO (ASX) Chart