Confidence lost, page-51

Thanks Wilzy123 for the info. I'd noticed those threads, when i investigated.

From posts hear, we are a pretty smart bunch and know the most likely end game if we have done our research real well.

To the newbie, focus on geology at Mt stirling and the resource upgrade, don't be swayed by those that deliberately post false facts to deliberately stooge you.

Im sure some have sold due to this practice which is sad.

tarmoola station assists as it contains earth moving equipment, and provides water, plus an operational base camp.

I believe it is why tnr bought it as there aim maybe to mine. Back some time ago, feasability was done to kalgoorlie at 500 per oz less than today's pog and it was viable. That was on around 40k oz.

If 250k oz exists. If. An operation at 50k oz per year for 5 years would be very profitable.

The tarmoola, station at 1m cash flow, plus 300k carbon credits. So about 1.3m pa already makes it all viable.

If we look at 10 years, pe 10. It's worth 13m. Tnr has cash 3m. 60k oz @ 100 per oz, for 6m. 22m assets on 20m cap.

Then we have the spin off, of Mt monger, money received will pay for the tarmoola station I'd think.

And then the resource upgrade to take value much higher than 22m present value I feel.

On 250k oz, tnr should be capped at 100 to 150m, esp with a 1m cash flow business and carbon credits.

Its a real smart play as they get water control, and access control. They are the biggest hurdles in wa I believe to mining.

I think there's a bit going on behind the scenes that point to a decent jorc upgrade and mining. They also don't give a sh*t about the cattle.

Maybe Wilzy123 you get on board again, as the real action won't be for a bit. Would be a shame if you miss out on this.

I've taken up nva and red, my gut instinct tells me something will happen next year between them and tnr.

Im real bullish on gold for 3k US in q2 and q3 than May drive changes.