Hi all Tulla holders, I'm new to this thread so haven't...

Hi all Tulla holders,

I'm new to this thread so haven't performed a lot of due diligence on this stock but what I have read so far tonight makes me extremely excited about it's potential. How on earth is it sitting at such a ridiculously low EV?

These are just a couple of snippets I found tonight that made me want to seriously back up my truck and buy some TUL.

Kevin Maloney was selling Norseman for between 300 to 400 million dollars back in 2017 when gold was trading around the $1200oz mark.







I understand that PNR ended up paying 111 million for their 50% stake in mid 2019 when gold was trading around $1300oz.
That makes the current EV an absolute steal!!!

So processing ore is due to commence in the September Quarter of FY22.
Current mine plan has an average annual production guidance of 108,000 oz at an AISC of $1292oz for 7 years.
This would be 57,780oz attributable based on TULS 53.5%
Current Gold Price $2400 - AISC $1292 margin = $1,108
57,780oz x $1,108 Free Cash Flow = $64,020,240

This already makes it undervalued however when you add up the consecutive grade forecast in the mine plan and the potential short term upgrade of the plant to 1.5mtpa, the future looks particularly rosy!