Very tempting to speculate on future SP -as we all know it’s...

Very tempting to speculate on future SP -as we all know it’s easy to get excited when we have an extremely positive project at El Zorro with Ternera and the four other major prospects looking so good. I’m not knocking enthusiasm or some hype at all but we still have a lot of work to do.

By in large though, the SP will be determined by big investor valuations of our company based on the expected resource size, POG and the AISC. Divide this value by the shares on offer and there is your approximate share price. Emotion and too much hype is a fickle thing but ultimately it’s value that is the primary sustaining driver.

Fortunately for TSO, all three of the above mentioned factors look awesome and IMHO the Pac Partners short term valuation looks undercooked and the SP should go higher than this.