>$1 SP is very realistic in the next month or so just to value the project at first gold.
Remember TIE will make at least $250M USD in first year of operations, and they have no debt to repay! Low ASIC and stable government.
Then factor in bonus valuation for pending announcements for:
- updated LOM with more ounces
- added value for heap leach
Additional potential next year when they drill out all that untested ground at low cost to keep feeding the beast for many more years to come.
what's not to like here?
Gold price and cost, page-10
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