Ann: Tesoro intersects 434.6m @ 1.22g/t Au from 15.4m at El Zorro, page-58

@jogo

hmmm credibility is perception based and self fulfilling...

however, i do agree that the poo stain from the first MRE is still somewhat there.

at the end of the day, if you are investing in the micro cap gold space, you don't really have much of a choice regarding companies & prospects to chose from.

almost no greenfield underground projects ever gets developed you can can instantly write those off, regardless of what superstar managements they have.

In the microcap end of town, single open pit wise, tier one jurisdictions, If you don't like TSO then there is AUC. AUC is bit larger in scale, but current 3x the valuations with not that much more cash left in then kitty and a much higher burn rate then TSO.

So investors in the microcap space are left with companies with Open Pit projects. 99% of the time it's the Prospect that makes management and not the other way around.

Otherwise, if investors don't like either TSO or AUC then you are wasting your time even spending seconds looking into the space.

Open pit projects like these, you have no other option but to like, because fact is it's predominantly open pit projects of these scale that are getting acquired & open pit projects that are predominantly getting built into mines. The only thing investors and speculators can hate on is the current valuation of the companies/prospects.

hate Zeff all you but there is no denying that Tenera is a great project. Ternera alone is a decent scale, not large, essentially similar to EMR & CMM's. Resource i'd say is slighty higher & better then what AOP was when they were acquired by RMS.

The largest potential for TSO is when we drill Calderillas. We start drilling there in about 2 weeks.

In the interim hate on Zeff & the SP you want, It's fun to blame be angry at the SP and scream at the market.

Additionally, almost everyone buying is partly speculating that there will be an acquisition of TSO at some point. There is no denying that just about every investor is expecting that. Particularly the silent HC users and readers. It's extremely obvious the moment Yamana (soon to be goldfield) pegged the land next to us and in over 18 months have kept really quiet about it.

In the interim, we have a good solid baseline project. the path is clear on the near term value we can add. Which is expanding the 1.1Moz Pit Constrained Resource & improve the resource category. + hopefully find that 2nd deposit within the district. All it takes is one hit and key miners in the space in take notice, particularly Yamana/Goldfields.