This is more likely due to awareness from the roadshow.
The presentation gave supporting evidence for the current valuation. Then its comparison to Voisey Bay came out of the blue. Diamond Fields when it discovered VB went from nothing to a billion dollar company in a year.
Question is were titan that stupid? My sources say they sold because the value of the mine was not reflected in the TIR share price and they thought Kambalda would fix this problem. It has.
After yesterdays presentation the question is what value does the market put on the exploration upside from the VB style targets. We won't know until they get closer to drilling these targets.
Before yesterday I was satisfied with the value, now I have no idea what they are worth. But I know it should be worth more than previously.
noip i bought at 38
FXR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
