Just looking at the figures again and whichever way you look at it this could be the start of something big.
Just look at the figures they have published.
Reserve of up to 5.5 million oz
91% recovery rate at a low cost
At least 10 years mine life
So 91% of 5.5m is just over 5m so let's say 5 million ox of gold.
At least 10 years mine life, so let's say 10 years.
5,000,000/10 = 500,000 oz production per year.
If anywhere near this figure were achieved it would easily put Torian in the top 50 gold producers in the world.
The top 50 gold mines in the world obviously have very healthy share prices as you would expect. So the question is what should TNR's share price be now and say this time next year? Any thoughts?
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
4 | 11052660 | 0.5¢ |
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Price($) | Vol. | No. |
---|---|---|
0.6¢ | 7632190 | 7 |
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No. | Vol. | Price($) |
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4 | 11052660 | 0.005 |
11 | 19340000 | 0.004 |
8 | 6933652 | 0.003 |
7 | 8500101 | 0.002 |
10 | 20390151 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 7632190 | 7 |
0.007 | 11547234 | 11 |
0.008 | 1622075 | 7 |
0.009 | 4900000 | 4 |
0.010 | 1675000 | 4 |
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