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9.59%

3.3¢ tesoro gold ltd

Ann: Ternera Mineral Resource increased by 66% to 1.1Moz, page-97

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philsy18

3,966 Posts.

456

27/06/22

21:36

Post #: 62236633
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Originally posted by Caromb15: ↑

Taking into account the 50m new shares, and closing price 0.078, we can calculate the EV as $55m.
At a conservative $100 per resource ounce, at 80.75% ownership, the new resource gives a calculated EV of 100 * 1.1 * 80.75 = $89m.
This would require a share price of 0.125!

And if Ternera was considered to be a low cost resource to mine, you could value it at $150 per resource ounce.
That would be a share price of 0.19.

Somebody sold a lot at close today, bringing the share price back to 0.078.
Hard to understand why anyone would do that.

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look at todays SP and you should quite easily understand why someone would do that

TSO Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.3¢		Change -0.004(9.59%)		Mkt cap ! $49.94M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.3¢	$35.17K	1.014M

Buyers (Bids)

No.	Vol.	Price($)
1	50000	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.034
1	719602	0.033
6	1535626	0.032
2	532258	0.031
1	229999	0.030

Price($)	Vol.	No.
0.036	100000	1
0.037	280079	1
0.038	1051207	3
0.039	1102080	4
0.040	1165399	4

Last trade - 15.55pm 03/10/2024 (20 minute delay)

TSO (ASX) Chart