I appreciate your level headed analysis in this case Corgi. Nevertheless, TSO is most unlikely to obtain the same kind of valuation ratio as DEG which has a truly magnificent deposit at Hemi and then through the Mallina Project. You do not expect TSO to give an MRE of 6.8Moz or anywhere near that surely?
If the number of drill holes is to be a measure of success, then DEG will succeed even more but history would say that this is a very suspect measure that is prone to mislead.
The old adage of do "not count your chickens before they hatch" seems appropriate here.
We await the TSO MRE with interest. Almost certainly the SP gives some measure of this, unless you absolutely believe in the ASIC's ability to control leaks?
Charts, page-1483
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $46.72M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.6¢ | $35.45K | 932.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30205 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 20528 | 1 |
View Market Depth
| Last trade - 15.44pm 03/06/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.002 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.8¢ | 196670 | ||
| Last updated 14.19pm 03/06/2024 ? | |||||
| TSO (ASX) Chart |