TSO 0.00% 3.1¢ tesoro gold ltd

Ann: Notification of buy-back - TSO, page-13

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  1. 307 Posts.
    lightbulb Created with Sketch. 67
    I'm one of the 2020 crew. Been a long journey with a lot of learnings.
    Funny thing about it all is the company has pretty much continued along the path set out back then and looks to be in a good position now.
    Zeff said they wanted a 100k ounce pa /10yr operation in a great location. Here we are at 1.1M ounces pit constrained with a 1.5M update hopefully on the way.
    The district stuff is looking good and Goldfields are invested. A good hole out there and it's on.
    I took the punt and averaged down from 21c to 11c with the Goldfields ann and Im back excited about the company.
    TSO is still being valued as uneconomic to mine - about $30/ounce. 1.5M ounce MRE update and the gold price continuing to rise should change that.
    I actually think they are holding back the update as the gold price rises. FED now indicating .25 rise in Jan so gold looking could get up into the high 19s soon.

 
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