Ann: Tietto Delivers Record Quarterly Gold Production of 37,111oz, page-108

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cherryburn

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183

10/04/24

00:15

Post #: 73266882
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Originally posted by sunsunsun: ↑

I like the optimism of above people however we need to have a reality check. Mill is running above its nameplate and is reaching its max capacity as per previous presentations (~4.8Mt per annum). This equivalent to ~150koz annual production. If the head grade does not improve and hovers around 1g/t, then we cannot produce anymore gold due to plant capacity. From memory there is a high grade section in the reserve model deeper in the pit, we might be able to get there at some point this year and boost up the production by 10-20koz.

At the same time we are upgrading the processing plant to 5.5Mt/year, this is 115% of the current processing capacity - if the head grade stays the same, we will produce ~171koz/annum post plant upgrade. I believe this is what TIE management team is aiming for eventually.

Apart from gold price, the short term upsides are exploration targets & resource/reserve model update (this should come out soon) and we will be able to see how much gold APG/APG-ex would have. If this gets expanded to >1.3Moz, it might be worth to do a standalone mine (heap leach).

We have broken the resistance and are heading in an up trend. Let's hope Zhaojin put out a more attractive offer soon!

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I would rather Zhaojin crawl under the nearest rock and remain there. Any chance that they were aware of a poor March figure , hence keeping offer open into May ? They would have been surprised by the share price moving away from the 60/61.5c range as well as over 20 million shares traded over 4 days last week. This might suggest an insto picking away for a few % holding in the Company.

TIE Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
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