TSO - Best Gold Explorer in 2021?, page-366

I have slowly been selling last couple of days, as it seems that the upside is narrowing from here, as even awesome results brings us closer/above 2moz and dilution - like I said before, we almost need bad results to ensure we're below 2moz and dilution, or a series of huge results to push above 3moz so the dilution is not as bad.

However, still see long term benefit for TSO. Short term move to buy more WWI (5.8moz mine waiting on approvals any day, producing this year), and hopefully will come back to TSO with the profits.