TSO

3.03%

3.4¢ tesoro gold ltd

Maiden MRE guesstimates, page-14

First 14 Last

Share
Profile

Follow
Chalkyballs

470 Posts.

101

09/06/21

05:50

Post #: 53728742
Share

Originally posted by sassiandra: ↑

@Corgi

The recognised term "reserve" is very clearly understood these days, even if people still get confused by it. A reserve is a body of ore that can be mined economically, as established by a recognised authority. The ASX refers to the JORC standard and a JORC reserve (or resource, for that matter) has to be signed off by an approved person.
When you quote KGP, I note that it uses the term "resource". If the KGP reference was from an ASX announcement then these were JORC resources, or otherwise the ASX would have objected and called for retraction.
In other words, by referring to "resource", it means a carefully assessed body of ore by an approved JORC authority drawing on many drilling results.
Corgi, you are either confused about JORC and the use of reserve and resource under the ASX rules or you are attempting to mislead people into thinking that there is more economically viable gold at Tenera than it is possible to say at present, or that even when an MRE is declared (JORC of course) that there is a lot more that is economic to mine.
Actually, even a JORC resource may not be economic to mine. Only a JORC reserve gives some confidence to that, and even then it may not prove to be so, as witness multiple companies that have started production with JORC reserves and failed or needed refinancing in the past few years BDR, GCY, MOY, WMX, DCN, etc).

Expand

You very smart, now you have grasp on asx definitions do you mind sharing with the 10 people who are still following this thread the process off moving from resource to reserve?

TSO Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BUX

Buxton projects new graphite province discovery at WA Narryer play

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 39 more messages in this thread...

First 14 Last

Add TSO (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change 0.001(3.03%)		Mkt cap ! $51.46M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.3¢	$7.143K	213.7K

Buyers (Bids)

No.	Vol.	Price($)
3	135626	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	150000	2

View Market Depth

No.	Vol.	Price($)
3	135626	0.032
5	2715131	0.030
1	500000	0.029
1	100000	0.028
2	167037	0.027

Price($)	Vol.	No.
0.036	150000	2
0.037	397079	3
0.038	1051207	3
0.039	1072080	3
0.040	1065399	4

Last trade - 15.10pm 04/10/2024 (20 minute delay)

TSO (ASX) Chart

Maiden MRE guesstimates, page-14

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Maiden MRE guesstimates, page-14

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News