Following the Nordgold position in Cardinal Resources and potential for a cash takeover at circa 46c ,just running a theoretical takeout value on TIE on an ounce for ounce basis assuming that we can get to 3 million ounces by the end of this year. Exciting times ahead on M&A activity in the gold sector. Naturally need to weigh relative grades and relative country risk.
TIE Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
