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 ?
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Last
68.0¢ |
Change
0.010(1.49%) |
Mkt cap ! $768.1M |
Open | High | Low | Value | Volume |
67.0¢ | 68.0¢ | 67.0¢ | $1.466M | 2.173M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 55368 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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64.5¢ | 2301 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 7254 | 0.700 |
4 | 162596 | 0.690 |
4 | 82462 | 0.675 |
15 | 1926655 | 0.670 |
3 | 10143929 | 0.665 |
Price($) | Vol. | No. |
---|---|---|
0.645 | 2301 | 1 |
0.650 | 1626583 | 4 |
0.680 | 6925624 | 52 |
0.685 | 140368 | 6 |
0.690 | 45007 | 5 |
Last trade - 15.59pm 22/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
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Change
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Open | High | Low | Volume | ||
67.0¢ | 68.0¢ | 67.0¢ | 59083 | ||
Last updated 15.59pm 22/05/2024 ? |
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
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