Drilling a target next week that is twice the scale in area of Ternera that has better surface sampling results then what Ternera had in 2020.
The new target also falls outside of the Original elzorro JV. So it's 100% owned by TSO. Potential to be a standalone project within itself.
Let's see how it looks, but don't think any valuation can be put on that yet.
Maybe $120mil would be appropriate for Ternera alone.
Ann: El Zorro high-grade gold results define new drill targets, page-14
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