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3.45%

3.0¢ 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 3.0¢		Change 0.001(3.45%)		Mkt cap ! $46.60M

Open	High	Low	Value	Volume
3.0¢	3.0¢	3.0¢	$750	25K

Buyers (Bids)

No.	Vol.	Price($)
2	140715	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	260196	4

View Market Depth

No.	Vol.	Price($)
2	140715	0.029
4	809965	0.028
3	680000	0.027
1	23076	0.026
3	800000	0.025

Price($)	Vol.	No.
0.030	260196	4
0.031	250000	1
0.032	925762	1
0.033	123000	2
0.034	65000	1

Last trade - 10.08am 05/11/2024 (20 minute delay)

TSO (ASX) Chart