Ann: Tietto Delivers Record Quarterly Gold Production of 37,111oz, page-27

First 27 Last

Share
Profile

Follow
leec

1,306 Posts.

359

08/04/24

10:16

Post #: 73234644
Share

Originally posted by Hussy: ↑

Wow ... I didn't realise how many happy clapper SH's we had on the TIE forum
Out of all the posts so far @leec has kept the reality of the situation in check
These results are not disastrous but they are bad ... TIE cannot get this project humming along
TIE reported than in Jan 2024 they produced over 13kozs ... let's go with 13kozs exact to remain conservative
So if 37,111ozs was produced during the Mar quarter that leaves on average 12,055ozs produced in both Feb and Mar
Costs for the Mar quarter are not going to be too good IMO ... the grades have somewhat stagnated rather than improving
They better get stockpiles to the sky as the wet season is not far away, and if the grades are not over 1gpt costs will be high
Rather than increasing annual production it seems TIE is reducing ... 200k to 170k to 149k
It's great the gold price is at record highs, but TIE cannot control the gold price ... what happens if the gold price falls 10%?
The only thing TIE can control is the project and they are struggling
Debt free ... hurrah ... they didn't have a sh1tload to begin with and it should've been paid off earlier than what it was
Zhaojin are going to be loving this and will be hanging around for many more months ... expect the SP to trade $0.58 - $0.62 for many more months

Expand

High quality post Hussy. I see the average as less than you but piss poor anyway:

If gold produced in Jan-24 was 13.5kt and we produced 37.1kt for the 1st qtr that sees the following:
37.11-13.5=23.6kt (Feb / March 24) or divide by 2 sees just above 11.8kt for Feb and March.

TIE Price at posting: 61.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

There are more pages in this discussion • 101 more messages in this thread...

First 27 Last

Add TIE (ASX) to my watchlist

Ann: Tietto Delivers Record Quarterly Gold Production of 37,111oz, page-27

Top Stories

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Featured News