I am still in, not much has changed that would sway me. If anything I am thinking about adding to the position. [email protected] is $800m+ market cap on an operation that hasn't even finish building. This one is being priced to high expectations. Alot of hoops to jump through.
Just listing some of the hoops the company is able to control ones.
1) Plant built on budget (inflationary cost pressures), 2) plant built on time (accelerated building schedule), 3) plant commission in line with model (what could go wrong with an accelerated building schedule and no pilot plant) , 4) finding enough experienced personnel to staff operations, 5) Mining contractors perform (D&B, mining and equipment etc), 6) Resource model perform in line with model (on indicated and inferred resource) , 7) plant maintain performance with model (97%+ recovery), 8) Resource model maintain performance in line with model (as the mining enters fresh rock), 9) company makes good margin to justify $800m+ market cap.
GLTA, DYOR. I will check in again in late Dec.
TIE Price at posting:
77.0¢ Sentiment: Sell Disclosure: Held
