Ann: Webinar Invitation to Shareholders, page-9

If TSO delivers a resource upgrade of 1Moz+ of Open Pit Resource constrained to a pit shell then current valuations are good for new entrants into the company.

SS not far off and i agree with what some posters are saying and that a positive SS would likely give the SP a little jolt up.

re averaging down Depends what everyones average is.

If they bought when the market cap was around $150mil then it was overvalued at the time.

But would be very unlikely for older shareholders to average down to current price levels, so IMO best they stick the course unless they want to sell at large losses.

Based on the latest webinar, things certainly look like they are evolving into a nice open pit deposit.