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TIE Profitability, page-114

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cherryburn

1,083 Posts.

173

24/04/23

18:39

Post #: 67435153
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Originally posted by sunsunsun: ↑

Cash position could be detrimental as well captain. If they only mined less than 10koz that means they probably only have sold 5koz (assuming at 2000usdoz, thats only 10m usd cash). From memory they have stated they had 47m cash in hand end of last year. Considering the capex and opex since then they may not have much money left. The implication to the market is another capital raise if cash position is weak.

I always compare TIE to WAF as a bench mark and I believe TIE should be 80% of WAF's market cap at nameplate. It is understood Burkina Faso is way more worse than Ivory Coast. However, WAF is a proven mining operation that produces >200koz of gold annually (proven they can deal with government and they have a competent on-site team). Theri deposit also seems to be much bigger than TIE with big upside, not to mention the Kiama development.

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I note that you have posted quite a few times on FFX and never on WAF on Hot Copper !

TIE Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
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