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67.5¢ tietto minerals limited

Ann: Tietto Delivers Record Quarterly Gold Production of 37,111oz, page-7

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Plext

10,508 Posts.

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08/04/24

09:29

Post #: 73233230
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Originally posted by leec ↑

Very disappointing to say the least. The release of a record quarter is a poor attempt to hide the fact that they have averaged 12,370 ounces per month (remember that dec-23 was over 13.7k ounces).

The report is sparse but the average head grade coming out of the mine is 0.99 gram/tonne (when we need it to be over 1.04g/tonne milled). Remember we are heading into a wet season come July.

I can't see how these guys are going to meet guidance of 170koz this year..

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okay so in the ramp up they might miss target by 10% However the POG is way higher than the 10% and is unhedged. Financially the concept is probably making more money than they first thought IMO b4 full ramp up is achieved.
Gold hit a record high the other day so I'm liking what I'm seeing here

Last edited by Plext: 08/04/24

TIE Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
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