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clock Created with Sketch. 12/04/22
15:04
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Originally posted by FatManWalking:
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The second tranche in May will depress prices , as the first tranche is doing now. Though why anyone would sell shares bought at 50 c for 49 c eludes me too. Obviously they don't have confidence in TIE's numbers. I suspect we wont see much movement in TIE's share price till June .We have some very clear base numbers for the first 2 years of production, with 350k ounces (at 1.4g/t) and a plant that is going to be able to produce at higher rates). Though the numbers on a simplistic basis (4.5mtpa x 1.4 /31 = 203k p.a). That does not really stack up with the current mine plan, which is 260k 1st year, 190k 2nd year. That is 450k......"
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The ounces are there, they just need to be converted from indicated to measured through infill drilling, which takes time.
