Three or four things spring to mind that will drive the price higher potentially.
The current drilling finding as good as or better grades than the historic drilling at Ternera. Remember the recoveries were questionable from the initial drill series done previously prior to Tesoro being a listed company...so if they missed gold in their drill samples there is a decent chance on at least some equivilent holes we may see increased grades.
Us finding new gold, either by drilling, trenching rock chip, any form of sampling done outside of a known or proven area expands our gold baring footprint...this will get the market and me very exciting.
Us finding new gold at Ternera, we have the benefit of the previous drilling, we will be testing extensions and tweaking the angle of the drilling with insights the previous guys didn't have.
Us announcing new planned drilling or sampling for our newly acquired leases..this is blue sky country and the upside is pretty remarkable.
The price of gold continuing to climb (though the inverse is of course possible as we have seen during drops).
Then any left field stuff like us increasing our ownership stake or fresh discoveries in our neck of the woods or movement of majors into the area near our leases on the back of such discoveries.
One thing is certain, it is a moving feast here. We get news often at TSO and it is usually to report more gold.
In the current climate its fairly certain we will continue to see share price growth on the back of the expected good results IMO.
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