Yeh I'll take things that didn't happen for 500 please.You...

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08/11/22

14:22

Post #: 64649919
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Originally posted by kray: ↑

Wow lots of response and optimism for TIE.

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.

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Yeh I'll take things that didn't happen for 500 please.
You "shorted" at ~64ish, position moves against you 20% and you double down. That's just gambling.
Lots of margin to keep stumping

~AUD833m market cap, ~AUD80m cash on hand*, EV ~AUD750m at current FX ~USD480m EV.
Pre-tax NPV of the project @ 1700oz is USD959m.
This excludes anticipated LOM update, MRE increase and exploration success elsewhere.

ie, TIE could double, without any of the above upsides, without gold hitting an ATH, and it'd still be at a valuation par....

TIE Price at posting: 77.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

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