But Kray shorted in the low 60c range so would have had margin calls up to 83.5c so that would have been very painful. He probably saw the Canaccord Genuity analyst report which had used a 12% discount rate for NPV. Some Canadian and ASX listed entities use 5% or 7% discount rate for a bit of moose pasture with a couple of "interesting" drill holes and a fanciful PEA based on a multitude of ifs including raising $150 million plus with a market cap of say $25 million. Totally insane.
TIE Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held
