TIE - Shorting Idea Oct-2022, page-39

Yep, have to agree. Don't think the comparison means TIE is overvalued...more that WAF is currently undervalued due to being hammered down with the Burkina Faso Coup and the Gold Price going down into the $1600's.

For me, TIE's distinctive advantage over WAF is our 70Kms of greenstone belt tenements (less than 10% explored), multiple deposits still open at depth and along strike, multiple self owned drill rigs - allowing us to continue drilling 10,000 meters per month at a very low cost (US$35/m), and better jurisdiction in The Ivory Coast (Vs Burkina Faso).

You can make your own mind up if you think they're under/over valued. I know what I think!