TSO 3.85% 2.5¢ tesoro gold ltd

Ann: Drilling results demonstrate wide gold zones at El Zorro, page-307

  1. 498 Posts.
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    Yes, great interview. Very humble and very conservative guy, as what we have been observing since February. I would like to sum up a few interesting points:
    - He is confident that the deposit is significant. When being pushed to speak out a number, he tried his best not to reveal price sensitive information but did mention he aimed for a production rate of at least 100koz/pa and a mine life of at least 10 years.
    - He himself is unclear about how big this can be. Evertime they put in some work, they found more gold and it keeps on extending.
    - The next few batches of assays gonna be interesting. He said the cores look exactly like what they hope for.
    - He said a lot of other goldies with higher MC but is not anywhere near what TSO is having.
    - TSO is at a discount due to being at the other side of the Ocean but Chile is infact a worldclass mining environment and is appriciated more by the Canadian TSX. He thinks Chile is even better than WA.
    - Covid19 had no impact with what they are doing.
    - The ultimate goal is still progressing as quickly as possible into production.
    - He is confident to bring TSO to a big enough market cap in order to attract institutional investors to fund the next phase: production.
    Last edited by Bellavena85: 29/08/20
 
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