Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-119

Interesting market cap here, because there seems to be a fair bit of African discount priced in, or something else.

They are in initial production.

They'll probably produce around 220koz in the first year, at an AISC of around $900 USD, and have a current market cap of $600m.

GMD have a market cap of $650m and only produce 30koz at an AISC of around $1,600 USD.

RMS produce around 220koz at an AISC of around $1,400 USD and have a market cap of $1.25 Billion.

There seems to be an approximate 50% disconnect here, with regard to the TIE share price. When 220koz are confirmed, at the stated AISC, at the end of the first full year of production, the market cap should be around $1.2 Billion, or approximately double the current share price.

There is a very heavy Chinese influence exerted on this stock.

Gw