TBA 0.00% 2.6¢ tombola gold ltd

Ann: Binding Term Sheet Executed for Lorena Project Acquisition, page-60

  1. 13,228 Posts.
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    SG, why don't you do some research or pick up the phone and call the co?

    Or perhaps read this report on the co:

    OCG_TBA_21_06_22_Final.pdf (tombolagold.com)

    Research by Oracle
    T o m b o l a G o l d ( A S X : T B A)
    U p d a t e | 2 1 J u n e 2 0 2 2

    "Key Points
     We maintain a SPEC BUY recommendation and shift to a A$9.3c/share target price
    as TBA progresses at its Mt Freda Project.
     Transformational Lorena CIL Processing Facility acquisition
     Positive production update
     Successful $10.5m capital raise strengthens balance sheet
     Upcoming Little Duke assay
     Promising results at Mt Scheelite

    Lorena to Transform Mt Freda Operation
    Tombola’s opportunistic acquisition of the Lorena CIL Processing Facility will improve the Mt Freda
    open-pit base-case economics through superior recoveries (VAT OCGe: 85% → Lorena OCGe:
    90%). Importantly, it will also afford the Company optionality with respect to potential regional bolton acquisitions and corporate activity with Golden Mile. For the first time in the Tombola’s history,
    the market now has a genuine line-of-sight to first production"
 
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