No if you mine 10koz a month times 3 months, minimum of 30koz...

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miningcaptain

47 Posts.

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24/04/23

21:40

Post #: 67437391
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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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No if you mine 10koz a month times 3 months, minimum of 30koz for the March quarter. Probably forecasted at getting 40koz for the quarter. 30koz for the quarter isn't bad but it's the nervous holders who will sell and jump ship. It won't be bad at all in the long run, it's just people wanting to get out because they don’t trust in the project but these things happen in projects so you have to hold steady

TIE Price at posting: 59.5¢ Sentiment: None Disclosure: Not Held
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