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3.4¢ tesoro gold ltd

It's 85%.untill Feb next year when the vendor must contribute or...

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Noobtrader1

697 Posts.

126

08/06/21

19:50

Post #: 53724893
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Originally posted by sassiandra: ↑

Congratulations nicolas. You are one of the very few who are making sense here.
When you value the company make sure that you allow for the amount of gold that TSO is entitled to and not the 100% amount for the project.
TSO holds 95% of the subsidiary that holds an 80% share of the Tenera asset. That reduces your 750 Koz resource down to 606 Koz attributable to TSO.
IMO, that still leaves TSO on the high side for an explorer with low ore grades.

I have to laugh at Corgi's attempt to introduce a new category of resource for TSO (or is it reserve?) called inpit. Sounds more like snakepit to me and thank goodness for a JORC standard to protect investors from Mark Twain's famous saying.

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It's 85%.untill Feb next year when the vendor must contribute or get diluted again. If your are going to criticise others, atleast make sure u have a proper understanding yourself

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

0 Great analysis

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(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

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TSO (ASX) Chart

It's 85%.untill Feb next year when the vendor must contribute or...

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

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

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

Buxton projects new graphite province discovery at WA Narryer play

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

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

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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It's 85%.untill Feb next year when the vendor must contribute or...

Top Stories

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

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

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

Buxton projects new graphite province discovery at WA Narryer play

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

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

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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