TMIAF & TMIBF The new PEA was just about bringing some news to market. Slight improvement in resource, small drop in recovery rates etc. Nothing, here is going to impact the SP or move anyone to want to JV in this down market. Gold Springs has good potential it appears but gold is in a major downturn (how far who knows) and like most gold minor/explorers to majors all are going to suffer or languish. MY opinion is TMIAF is dead money (including mine) for the next 18 months unless they can sell Escalones and plough the cash into financing and beginning to mine the Gold Springs PEA. Those small companies with drive can emerge as front runners out of this commodity malaise or wither under large scale dilution and minimal drill results.
The TMIBF shares however, do look interesting/highly speculative. With small company vs. state results in world courts going recently against both Bolivia and Venezuela to varying degrees, next June’s TMIBF decision should be anticipated. Rough (very rough) calculations using a 33% deduction for all funder costs/fees and a 15% deduction to TMIAF on a maximum award ($386 mill) would be approx $1.80 (assuming paid in US) per TMIBF share. Even just a 10% court award would almost double the present TMIBF SP. How long it would take to get Bolivia to pay is anyone's guess but it would be money the company could plough back into mining and would also be a bonus for present long term shareholders.