RED just got smashed. Almost 50% drop in 2 days. 300M market cap is now gone. Its main project KOTH turned out to be a dissapointment. Although its a big deposit but the AISC is just too high, almost a break even.
Not long ago we kept on seeing it announced "outstanding intercepts" with grade up to 42g/t. Again, a lession for grade hunters who completely ignored all other factors, most importantly the cost!
And why we are confident that TSO has a low AISC again?
Tier 1 location, Tier 1 country
District scale system. Huge ore body. Now >5km
IRGS & mineralization from surface
"Park the truck" mining method
99% Gold recovery
Low strip ratio
A collection of reasons why you should NOT invest in TSO!, page-69
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3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.34M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 190000 | 1 |
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