Even at 50c, which is the lowest end that TNR become involved. If they sell 5 million and keep 10 million shares, TNR will bank $2.5million which could be used for drilling rather than dilution. That together with the oppy $ to come in next Feb would see a bit of a war chest to really define a few of these targets and begin to move some of these resources towards measured JORC status and minable. Right around the time Koth will need more feed Mode for their oversized plant?
Or they could just hold them all and see what happens. $1 each would be like having $15mill in the bank - backed by gold.
TNR Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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