We should already be at 1Moz now, considering that Zeff declared almost 300koz as 'unclassified; in the maiden MRE before ASIC told him to take it out... What is mind boggling to me is the timing of the cap raise, why on earth would you do a cr when SP is that low. Surely you can plan in advance and stick a hole into Drone Hill, Toro Blanco and get the market excited if you find something, move the SP up an THEN do a cr? Or did they not have drilling permits in place? Or do a cr AFTER the MRE update...I have rarely seen such bad timing for a cr to be honest...thoughts?
Anyway, @Corgi, any estimates when we get drill info for hole 244 back? This was drilled last month, so I hope we should get it in the next announcement in 2 weeks. Drill hole 244 goes through the guts of Toro Blanco, so if that hits something massive we will rerate in no time and the LTH and Zeff can finally relax before Xmas. TSO is really pushing my patience...but if you think about the landholding and the geology here...soooooo much potential upside!
TSO Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
