TGS
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0.00% 4.9¢ tiger resources limited

I guess "ongoing operations" would suggest that they continue...

  1. Nikec
    2,468 Posts.
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    16/10/17
    17:58
    Post #: 27942327
    I guess "ongoing operations" would suggest that they continue producing copper cathode, in which case they need ore. Perhaps they dont want to be limited by only one option:

    1. Mine ore
    2. Purchase ore.

    It would be smarter for them to buy ore, as not to deplete LOM, when buying ore they can also buy higher grades, increasing copper output. That would be preferred option, but will depend on transport costs of ore. Will be an interesting quarterly.
    TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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