The Next article illustrates the large discrepancy between the...

The Next article illustrates the large discrepancy between the gold price/ producers in comparison to the explorers.

The EV for the 3.1m Oz Au Dynasty JORC Resource is only $US20 per Oz even as gold price reaches $US3000 per Oz.
The EV for the 22m Ag Dynasty JORC Resource is $0.

The look through valuation of TTM’s 20% free carried stake in the Linderos JV with Gina is ~US$30M or $47M AUD. Essentially no value is assigned in the market cap for this.

Then we also have 2 potential copper assets in Copper Duke and Copper Field which are assigned no value.

From my understanding, the company is aiming to get close to the 4m Oz Au mark in the near term. This will support a Scoping Study towards the end of the year and then the subsequent feasibility studies. Maybe the market is waiting for the upgrade or the studies.

Trump's policies and proposed tax cuts should provide more tail winds for Gold.
Hopefully funds will start to trickle down to the emerging developers and explorers like TTM.

We have results to come back for both Dynasty and Linderos in the coming weeks which could provide further upside.

We are well funded with $18.8m at the end of 2024 and a further $4.9m came in February from the exercise of options.

Another interesting aspect is that the Top 20 hold 74% of the company. If this does start to move, it could be a significant move.

There are no guarantees with anything but I think the arguments for investing here are sound and I will continue to be patient as I feel we are close to being noticed.