Question TK has close to 80 million shares outstanding with the recent financing and I do not know if that includes outstanding warrants. At $.85 per share and a market cap of approximately 68 million what is the upside from here based upon their estimates of inferred silver resources and increasing the size of the resource from here with further drilling. Here is TK's claim ansd the date of the news. The zinc potential is being highly touted as a large resource as well, but looks like it is early to make any big claims as to its potential.
TINKA INCREASES INFERRED SILVER RESOURCE TO 32.7 MILLION OUNCES AT COLQUIPUCRO, PERU
Here is Wikpedia's definition of Inferred Resource and I would appreciate anybody's comment as to the importance of their defintion.
Inferred Mineral Resource is that part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological/or grade continuity. It is based on information gathered through appropriate techniques from location such as outcrops, trenches, pits, workings and drill holes which may be of limited or uncertain quality and reliability.
Look forward to your comments. IMO and GLTA