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11.8% 3.0¢ tesoro gold ltd

Gold is overall bearish untill it breaks out of this channel...

  1. bobasteve
    111 Posts.
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    26/02/21
    17:23
    Post #: 51371794
    Gold is overall bearish untill it breaks out of this channel
    https://hotcopper.com.au/data/attachments/2951/2951505-947abc5eeb30f92e40ac0a9f2e733fc0.jpg

    Technical situation for gold is overall poor. Would not expect any upside anyime soon untill this strong channel breaks.

    Either way even if by any chance gold dropped to March 20 lows of $1450 USD its not like TSO wont be printing money like heck in 3 years time. AISC is expected to be ~900aud, production of 100k ouncese/pa.

    Using spot AUD/USD 1.28

    we're looking at (1450*1.28-900*100000) = $95.6m in pure profit in 3 years time with 20+ mine life years. Do the maths what kind of EV do you think that is?

    Using the most BEARISH of cases with gold prices absolutely collapsing TSO will still be feasible in 3 years time.


    TSO Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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