teg, page-3

morning all

Gross revenue for the QTR up 81%, all good.
Worth pointing out imo that the "debt free unencumbered cash approw $10m year end" really only reflects a half year of production, so to extrapolate that over a full year takes us closer to $20m p.a unencumbered. With a market cap of only $35m approx that leaves TEG trading on very low multiples

I agree with Kori here , in that the PASE renewal (and its progress) is the key driver for the stock. Renewal should imo be cause for a significant rerate based on the stability of future earnings and exploration upside.

As far as production goes it looks like there have been a few technical issues with the bringing on of A-8, hopefully this will be resolved and also parts will be sourced so that A-5 can be brought back online as well further enhancing the production figures.

Technical staff evaluating exploration targets in preparation for PASE renewal, we can expect that TEG will be able to fully fund their exploration program going forward.

TEG is still under the radar with a tight and well disciplined register.