Tepal is a game changer...The company analysed the whole Tepal project for month (desktop work) coming to the conclusing that
a) it is worth to prolong the licences
b) double the land position
c) talking about a new mineralization system (they called it game changer)
d) NPV 500 mio. - CAPEX only 214m
e) they want to drill more to increase size and grade
f) AISC under 400 USD in GOLD (!!!!)
and... by the way a 5.000m aggressive drilling program in the Fresnello belt in Acacio full of high grade silver wholes and near the mine of Capestone (stock skyrocketed last months) with the hope that copper is also there (would be game changer in this project too !!!)
AND ALL THIS WITH A MARKET CAP OF 110 mio. CAD.............. ???????? hmmmm......
I think that a major, which always had an eye on this hidden gem, could not resist anymore... the facts and fundamentals are too strong not to invest in this treasure island. Maybe the price was depressed in the last weeks to buy in more cheaply....often the avergae price of the last 30 or 60 days are taken as a referendce for a take over price...
The trading halt for the whole day is for sure more than the news "doubling the land possesion in Tepal".. there must be something big....
We hopefully will see in some hours...
GLTA