Strong week for TOC, is production possible within a year?TOC traded 142,000 shares on Friday and closed bidding $1.17. A few larger orders hit the floor during the day but were absorbed quickly by buyers. Very encouraging to see that 533,000 shares were bought during the week.
Now that TOC has begun field operations, I suspect there will be a constant flow of information keeping shareholders not only informed as to what is going on regarding progress and timing, but also it will bring confidence to shareholders as to what direction the company is heading.
I love the comment by Brodie, ....".... in addition, bulk sample composites taken from surface will aim to show our mineralized oxide zone is amenable to conventional heap leach processes.".... this tells me that they have a keen eye on bringing value to sharholder by brining TOC to production. This is one of the more common forms of prodction which can be quickly developed and bring cash flow for further exploration of Pilar and their new property, El Picacho (and spin out of their copper property providing free shares to current shareholders).
Lastly I am very encouraged that a lead order has been established with a prospective long-term shareholder with extensive experience in Mexican mineral exploration and development (this person remains unidentified) but Derek commented in last week's press release, ....."..... Our newest shareholder was an early and significant investor in SilverCrest Metals, with a current market capitalization of over $1.5-billion. We feel this bodes well for the future of Tocvan as we continue to move towards definition drilling and bulk sampling at Pilar .....".....
TOC is going to have access to money, as the news investor has cash and a keen eye to bring TOC to production. Look at the share price of Silver Crest, now trading above $12. All about patience over the next several months to get a real sense of the potential of TOC. To Blue Sky a bit, just think if TOC drills into the feeder system, then we will truely be off to the races.