"Seems te market has forgotten that TMR is also an emerging gold...

"Seems te market has forgotten that TMR is also an emerging gold producer" - The market hasn't forgotten - read carefully from the last announcement:

Initial metallurgical testing has demonstrated some difficult cyanidation characteristics of the fresh ore samples with the following conclusions:
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The gold appears to be in fine particles and probably contained in the arsenopyrite as either very fine particles or in solid state solution as refractory gold.
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As arsenopyrite is a very reactive sulphide it is considered likely that preferential oxidation has occurred in previously tested samples (from 30 year old material) which has allowed a path for cyanide ingress, suggesting that fine gold is the main deportment in the sulphide.

As a result of this sampling regime and initial metallurgical results Iberian has commissioned a metallurgical test program investigating the best route to maximize gold recovery from the following beneficiation routes:
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Bacterial Oxidation
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Pressure Oxidation
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Alkalisation
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Flotation to produce a saleable sulphide concentrate
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Conventional CIL

This reads to me "refractory ore" - something the Russians had to have known when they explored it, hence the reason why it's been sitting there for the last 20-odd years.

So the story of dropping in an convential CIL plant and being in production by 2009 is sounding a bit stretched to me.