Mineralised from surface, no waste to move first as there is a...

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LtU2350

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31/12/20

15:26

Post #: 49886828
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Originally posted by kiwijuice: ↑

Great post glad to see someone has finally answered the CC question ! as for that image you posted, came across that a while back if you bring it full screen and then research some of the deposits you can see massive open areas and ones that have been explored to death - TSO is in the unexplored category.

While i love your optimism here, lets go with a 2moz resource as base case
2m @ 1800 USD Oz = $3.6b in ground value - Given its favourable jurisdication im going to say the AISC would be low but given the overburden to be cleared as a lot of the resource is not from surface id go with a low AISC AUS producer for example. so $1200 AUD AISC, or around $920 USD - so half of spot price,
$1.8b in ground value after AISC included, OPEX give $300m if they want to start up slow and have a go themselves, if its not swopped upon beforehand,
so $1,5b in ground value - current sharer on issue circa 550m - gives a $3 price.... few things here will influence this massively, dilution by way of performance rights and capital raisings, play it smart and do a $100m+ once when the shares price hits over a dollar, and finding more ounces, for this to hit $3 a share id expect them to have found a 5-6million ounce resource in reality....
There on the right track, just a lot of patience and smart business decisions - to Management - Zeff especially, learn from your mistakes, those other companies will be forgotten about if you can bring success here - let this be your legacy not those other failed companies. Good luck guys.

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Mineralised from surface, no waste to move first as there is a halo of gold everywhere. The drill results just show higher hits above this halo.

TSO Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $48.43M

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Mineralised from surface, no waste to move first as there is a...

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