TIE are going full at it, though obviously, even they are going to face small delays (not excusing them, though I am pleased they did not try and hide the small delay). MRE now due early July, with an updated LOM straight after. Should be interesting as they plan to increase the feed rate by 12.5%, or by 500k tpa. Which could easily add a further 15k+ ounces per annum to the production profile.
That should their average production rate increase which I assume, will please insto's who focus on such a number when investing.
Funny they now include a slide regarding the Heap Leach again. I guess the numbers are starting to look good again...
Would be very interested to know if there are any stranded deposits/discoveries near TIEs main strike? Just for interests sake, as really, TIE don't need more gold in the near term, unless.. its open pit and higher grade.
Finally... while I like that they tried to clarify everything, I would much prefer to have some context..... as in, yes, they have cash, but... just much has been spent, how much to go. Nice and simple.
Not many other developers actually developing globally right now (lots with plans of being in production in 3+ years time, but.... I struggle to be interested in such stories. Hopefully TIE can just get close to replicating WAF and its shareholders will do well.
TIE Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.