Thank you, very insightful.
It appears that based on current market valuations that the market is assuming the worst and that there will be no improvement from the resource at the time of MRE.
However, all information and drill results post MRE indicate otherwise. Based on the new sections -100m & -140m it appears that drilling post MRE has likely more then doubled the MRE resource number. It definitely appears to have grown. I think once they get past the hurdle of defining a 1.5Moz Resource, it should be just about enough to achieve the 1Moz recovered gold target.
I see some similarities between the Ternera Deposit & AOP's Deposits which contained about 1.1Moz which was recently acquired by RMS for about $185Mil.
The market hasn't priced in any potential at Toro Blanco, however, it really is an unknown at this stage, but if mineralized, could be a catalyst for a major re-rate. We've seen a few of these on the market recently.
- Forums
- ASX - By Stock
- Ann: Multiple gold intercepts at Ternera East
Thank you, very insightful. It appears that based on current...
Featured News
Add TSO (ASX) to my watchlist
|
|||||
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.65M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $2.542K | 88.26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 511522 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 190109 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 511522 | 0.028 |
5 | 526018 | 0.027 |
2 | 1100000 | 0.026 |
2 | 113000 | 0.020 |
1 | 20000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 190109 | 3 |
0.031 | 2139 | 1 |
0.032 | 70000 | 1 |
0.033 | 686214 | 3 |
0.034 | 42105 | 1 |
Last trade - 10.52am 25/06/2024 (20 minute delay) ? |
Featured News
TSO (ASX) Chart |