TOR - Megathread, page-417

The MD has said numerous times to expect a small but high grade gold MRE and that 1g/t is not economic in his mind. To me, small is anything below 200,000 oz and high grade is likely anything over 2g/t. The question is…will the company produce something in line with that or surpass that, and what will the markets reaction be?

We are trading with a MC of $28m with ~$5m in the bank, which leaves a EV of $23m. It really feels like the market is valuing TOR on the lithium asset/potential alone and not considering the gold value. What’s critically important about TORs gold deposit is its shallow, I believe the deepest hole had a vertical depth of ~180m, which will certainly improve the economics for the potential acquirer/JV parter. Really hoping that the release of the MRE will rerate the stock.