A disappointing update for sure. A year's worth of drilling for 10% increase is so underwhelming. I thought we were going to go to 5 million oz.
I'm wondering if MS's departure was somehow related, but pure conjecture on my part. I dont encourage online speculation on this as it could have legal ramifications.
On the bright side we still have 200k oz per year at $800. That's pretty nice pickings in anyone's book.
8 rigs a'drillin'. And 5(?) new unexplored tenaments. Anything could happen.
I previously scoffed at talk of a take over at $1.40. I would take that now if it was on the table.
TIE Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held