TIE: Your Predictions., page-33

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cherryburn

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12/05/23

21:48

Post #: 67752516
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Originally posted by nordesmic: ↑

If you're going to do these comparisons you need to do your research.

Capricorn poured first gold on 30 June 2021. In August they ran the plant at 4.2Mtpa annualized and in September 4.4Mtpa. Both figures (note the monthly breakdowns) were above nameplate for the harder ore being processed at the time. So in about 6 weeks they were at nameplate throughput and gold production has been at ~10koz per month since, which was always the longer term gold 'nameplate' production forecast.

If you're trying to pick a stock with a difficult startup, this ain't it. Also, they have that rich valuation because the mgmt team has 25 years of generating outsized returns with multiple companies. They ooze credibility. One of the reasons they have done well is because of a focus on cash generation and project economics, instead of saying the grade is too low.

Anyway the time for comparison is over. If Tietto can get anywhere remotely near its production and cost forecasts the stock will do well from here.

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Why on earth did they wait until 7 July 2022 to announce a Run Rate of 120,000 ozs then ? Whichever way you look at it it seems that TIE is way undervalued if they hit 120,000 ozs per annum. I have faith in Matt Wilcox who has a lot of credibility having run West African mines beforehand.

TIE Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
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TIE: Your Predictions., page-33

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