TIE 0.74% 68.0¢ tietto minerals limited

I don't think these deadlines matter, everyone should chill, and...

  1. 5,165 Posts.
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    I don't think these deadlines matter, everyone should chill, and Caigen should be a little more conservative, although I can understand his enthusiasm, he wandered through Africa for years searching for a great gold drilling result and finally found one, and hence we have TIE.

    TIE has significant Chinese ownership, so I'm assuming that quite logically a Chinese entity will eventually take it out, probably for around the $1.20 level.

    Caigen has to capitalize on this chance, it's his one great chance to become rich, so he needs to get the best result for himself, and damn the shareholders, they don't rate. Everyone here needs to understand small cap gold investing, and learn from debacles like FFX, those directors were charlatans who hardly ever put a foot on African soil, whereas Caigen lives and breathes this project on site in Africa.

    Quite simply, the more money Caigen makes, the more that shareholders are likely to make. As always, it's about personal wealth, and nothing else. In Caigen's case though, he has put in an enormous amount of on-the-ground personal work, unlike a lot of other small cap mining directors, so he therefore deserves everything he can get, and even while he sees prudent shareholders tagging along on his coat tails, like many of us.

    SBM have an AISC of around AUD $2,250 an ounce, producing 250k oz with a market cap of 1.3 billion.
    If TIE produce 250k oz at an AISC of around AUD $1,100, the market cap should realistically reach about 1.5 billion, but more if gold goes above USD $2,000 an ounce. That gives it a share price north of $1.50 - quite fair I think.

    You just need some patience, that's all you need.

    Gw
    Last edited by Gwaihir: 06/01/23
 
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