SG, why don't you do some research or pick up the phone and call the co?
Or perhaps read this report on the co:
OCG_TBA_21_06_22_Final.pdf (tombolagold.com)
Research by Oracle
T o m b o l a G o l d ( A S X : T B A)
U p d a t e | 2 1 J u n e 2 0 2 2
"Key Points
We maintain a SPEC BUY recommendation and shift to a A$9.3c/share target price
as TBA progresses at its Mt Freda Project.
Transformational Lorena CIL Processing Facility acquisition
Positive production update
Successful $10.5m capital raise strengthens balance sheet
Upcoming Little Duke assay
Promising results at Mt Scheelite
Lorena to Transform Mt Freda Operation
Tombola’s opportunistic acquisition of the Lorena CIL Processing Facility will improve the Mt Freda
open-pit base-case economics through superior recoveries (VAT OCGe: 85% → Lorena OCGe:
90%). Importantly, it will also afford the Company optionality with respect to potential regional bolton acquisitions and corporate activity with Golden Mile. For the first time in the Tombola’s history,
the market now has a genuine line-of-sight to first production"
- Forums
- ASX - By Stock
- TBA
- Ann: Binding Term Sheet Executed for Lorena Project Acquisition
Ann: Binding Term Sheet Executed for Lorena Project Acquisition, page-60
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