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.
The MD has said numerous times to expect a small but high grade...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.90M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $4.7K | 37.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 83462 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 148499 | 3 |
View Market Depth
| Last trade - 14.11pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 12.5¢ | 75668 | ||
| Last updated 14.11pm 03/05/2024 ? | |||||
| TOR (ASX) Chart |