The price of all gold stocks is taking a hammering on the back...

The price of all gold stocks is taking a hammering on the back of increased certainty over Covid drugs (which is undoubted good news)but the market always over reacts either way. The damage is done to the economies of the world and Covid will continue to inflict financial damage
(I won't mention the personal tragedy as thats for other threads) but the quantitive easing has to continue for another good year plus.

Gold has a strong future.

With Biden finally being passed, not handed but hissy fit thrown the keys to the White House expect very big announcements in the US about relief packages and money printing.

Gold has a strong future.

Yes perhaps H51 was disappointing to part of the market because the market, well the more naive less researched side of it expected things that were not written to be expected in the announcements around it. They expected massive grades, management never told us to expect this.
Big grades BTW in one hole would not change things as much as regular grades in a hole thats a couple of hundred meters from known mineralization would.

So with Hole 51 visual gold they knew immediately they had proven gold there, they didn't know how much but they knew they were still on the hook, that they could and should continue in that direction without having to wait for assays back.

And guess what they are" finding the same sort of material" as they have continued drilling in that direction.

This saved the company lots of time and time is money in exploration. And Hole 51s grades were fine, not the best ever but respectable, some of the others reported really good.

I for one will be happy to see the back of half the traders and less researched investors from TSO. If we have a crowd of patient or at least semi patient more knowledgable investors here who see Ternera for what it is, a massive low grade, likely high profit coastal gold deposit. At low altitude in a safe developed mining friendly country life will be more calm and happy for existing investors IMO.

TSO can go about proving up this first massive deposit at Ternera (which is open in ALL directions and at depth) as the share price slowly rises on great drilling results (give and take for market conditions and usual flutters).

Emotion drives markets and we are seeing an emotion driven buying opportunity today. Look at the grades, look at the holes, see the growing size of the deposit.

The company is in a considerably better position today as far as proven gold goes than it was a month or two back when the share price was 50c.

And it just keeps growing.