Trelawney Mining and Exploration Inc TWNNF

Share price

[taylor1988]

I think the sell-off is a function of the share overhang as of late as exploration results in a market like this are better saved for a later date than released. NES released 237 m @ 4.44 g/t au today and is actually down on the news... this market is certainly a tough one to please it seems. TRR's Resource estimate in the coming months will dictate the share price and the interest that follows after from majors who want a piece of this project. The share price here is pricing us in for less than $70 / oz based on 8 million ounces which is much less than most low grade bulk tonnages like Fronteer have been let go for ($250 + / oz). Should be an interesting few weeks but I'd rather save drill results for better markets while the share overhang runs its course. Could see close to a double on the 43-101 if we see 8 + million ounces from shares bought today