13500 0z in January is a fair effort , though many posters predicted more back in December and are likely disappointed. Positives are the plant throughput , which exceeded 5MTPA annualised. This without any major debottle- necking costs. Whether they plan to spend money on this in 2024 is unknown , but probably better to focus on grade improvements now. Mine output also greatly improved , so finally enabling stockpiles to be built. They will need a lot more ore stockpiled before June and the start of the rainy season. Grade was back down to close to 1 g/ t , significant drop. Assuming things go well from here on, TIE look to me like 13-14 K oz per month will be the likely average for 2024. Giving 150-160 K ozs for the calendar year. Not the 170 K ozs hoped for. Yearly forecast will be released at end of Q1. Costs to be released then also. Whilst not quite as stellar as first envisaged , still a solid earner, and debt free in another quarter. with some possible upside for 2025 , if the H/L goes ahead. and the possibility of further drilling successes. So what would be an appropriate market cap for a company with these metrics ?? any suggestions? And reasons ?
TIE Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held