Deg would be 1.7Bn market cap today. Let's just assume TSO's MRE is 1/10 of DEG, which is around 900koz, an equivalent market cap would be $170M. Which is 2.3x our current market cap. Also, TSO's ore is not refractory with high gravity recovery. Its almost certain that the AISC per ounce of gold produced is less than DEG ---> higher profit margin.
But does TSO have 900koz? Lets have a look at DEG's Diucon/Eagle, which contributed 1.45Moz to the global resource
Strike length of Eagle and Diucon is 900m and 600m with width of up to 70m. Depth of 200-300m. 5-6 holes with >100g/m. The majority of holes are 2-10g/m.
Strike length of Ternera is 1500m. 500m width. Mineralisation down to 400m depth. 15 holes > 100g/m. Plenty of holes 50-100g/m.
Charts, page-1491
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Mkt cap ! $43.03M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.5¢ | $13.72K | 382.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 186142 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 3.7¢ | 20000 | 1 |
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| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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3.5¢ |
Change
-0.005 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.7¢ | 3.5¢ | 102535 | ||
| Last updated 15.43pm 12/06/2024 ? | |||||
| TSO (ASX) Chart |