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39.5¢ toro energy limited

Toro Energy is slowing adding value to the resource.Market is...

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Theeagle15

848 Posts.

136

07/03/24

13:13

Post #: 72793285
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Originally posted by Rubiconis: ↑

They haven't found new pounds. This is, literally, a 10min exercise on a desktop computer, with a mining software. They just lowered the cutoff grade in the resource model. Simple. It's not magic.

10mins is all it takes a mining engineer to do it.

By doing this they've increased mining & milling costs per pound uranium, so the AISC has gone up. And likely increased capital costs as well. But, given the great apppreciation in both term & spot price, the benefit of the additional volume outweighs the penalty of additional unit cost to the modelled financial discounted cash flows.

But, lets be clear. These desktop changes, playing with numbers, in a never ending cycle of 'studies', is how they kerp you hooked, believing they have pushed the ball forward...when in fact all they do is perpetually shuffle numbers around in a spreadsheet, and use flowery language.

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Toro Energy is slowing adding value to the resource.

Market is responding positively. No one is actively selling, this update adds value to the company.

The only place we are going is up.

TOE Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 39.5¢		Change -0.005(1.25%)		Mkt cap ! $47.51M

Open	High	Low	Value	Volume
40.0¢	40.5¢	39.0¢	$141.9K	357.5K

Buyers (Bids)

No.	Vol.	Price($)
6	158749	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
39.5¢	5973	1

View Market Depth

No.	Vol.	Price($)
6	158749	0.390
4	31537	0.385
4	38169	0.380
2	2400	0.375
4	23860	0.370

Price($)	Vol.	No.
0.395	5973	1
0.400	27255	2
0.405	1069	1
0.410	24832	2
0.415	36713	1

Last trade - 16.10pm 22/05/2024 (20 minute delay)


Last 39.0¢			Change -0.005 ( 1.27 %)
Open	High		Low	Volume
40.0¢	40.0¢		39.0¢	71121
Last updated 15.58pm 22/05/2024 ?

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