Tietto should easily be double the current share price.
Look at what Australian gold mine developers and producers are paying in capex, opex, and AISC.
For instance, DEG is costing $1.4 billion to build their gold plant, and even then the continuing opex and labour costs are severely high. Most other Australian gold mines are the say, with some going to the wall.
Tietto is one of the most profitable gold producers on the planet, which is why Zhaojin are trying to steal it for pennies.
Gw
TIE Price at posting:
61.0¢ Sentiment: None Disclosure: Held
