TSO 0.00% 3.7¢ tesoro gold ltd

They were talking about the in pit resource in the interview not...

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    They were talking about the in pit resource in the interview not the global resource. The most important info is we are looking at a reserve that could support 100koz/annually for at least 10 years mine life, with low Capex & Opex. Keep in mind that only 1% of explorer on the ASX would be able to make it into production and TSO is one of a kind. Zeff has said that we could even stop drilling by "drawing a line on the sand for the MRE and build a mine right now". Fenix gold also start with a 100koz/year plant, take a look at their reserve vs resource

    https://hotcopper.com.au/data/attachments/3338/3338228-ca7440be9bbc6bfbf786ebb7af8be70e.jpg

    On the other hand, don't be fooled by the MRE by the end of this month and just listen to the interview again. This month MRE will just gonna be a stepping stone to get the permit and get the ball rolling. The in pit resource and global resource could change very fast, together with the economic value of the project once we extend the pit Easterly to the new Ternera East discovery, South towards Toro Gordo or Southeast towards Ternera "look alike" target, Westernly towards Drone Hill and Northernly towards Blanco.

    Have a look at our drilling rate and you could imagine how fast and dramatic things would change for us in the next 6 months!
 
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