A couple reasons:- Geo-Political Risk: Many companies have sunk...

A couple reasons:
- Geo-Political Risk: Many companies have sunk a lot of money into Africa, seemingly no brainers ready to reap the rewards for their hard-work, and a coup, angry local warlord or change in Government sentiment has disrupted the carefully laid (and expensive) plans.
- Price of Gold and Gold Sentiment: Price of gold has been dropping, flirting with 1700. Also, gold is not a sexy metal at the moment. Lithium, nickel, graphite and a whole suite of other battery metals are caught in the wave of electrification shifting market attention and capital away from gold.
- Cost and Difficulty of Capital: Easy money is harder to come by than it was 12-24 months ago. Investors and firms are more wary with their funds and a relatively unknown gold explorer turned developer in Cote D’Ivoire, may not fit the risk profile of many.

However, these are market reasons. From both a fundamentals and financials stand point I believe TIE is very undervalued, I was lucky enough to pick up shares in the low 30s and will continue to accumulate as we move towards first pour. I am a big fan of the no nonsense approach the company is following - the upcoming LOM update, exploration drilling results and continued successful build updates should set it into overdrive.

Obviously all my opinion, onwards and upwards for TIE!