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Treasury Metals Inc V.TML

Treasury Metals Inc. is a gold-focused company with assets in Canada. The Company is focused on its 100%-owned Goliath Gold Complex, which consists of Goliath, Goldlund and Miller deposits, which are located in Northwestern Ontario. The Goliath Gold Complex is comprised of approximately 503 mineral claims, 49 patents, five leases and one license of occupation, and the properties cover approximately 34,926 hectares. The Goliath property is located in the Kenora Mining Division in northwestern Ontario, about 20 kilometers east of the City of Dryden and 325 kilometers northwest of the port city Thunder Bay, Ontario, Canada. The Goldlund property covers around 28,289 hectares, and includes two deposits - Goldlund Mine and Miller, which covers portions of the Echo and Pickerel townships in Ontario. The Miller property is a proposed open pit mine. The Company also owns other projects, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock.


TSXV:TML - Post by User

Comment by Driller36on Nov 16, 2023 1:43pm
174 Views
Post# 35739621

RE:Undervaluation or problematic cash position?

RE:Undervaluation or problematic cash position?Reply from CFO to my msg of 12/10: &quot;<span style="-webkit-text-size-adjust: auto; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Calibri, sans-serif; font-size: 14.666667px;">We had an unknown seller come in on a down day for gold equities who indiscriminately sold what amounted to more than 20x our average daily volume over the course of the last hour of the trading day. &nbsp;As I don&rsquo;t know the identity of the seller, and most of the selling was done anonymously, I would not be able to know their motivation.&quot;<br /> <br /> The sp hasn&#39;t recovered since then. Symptomatic of the general mining market but also they&#39;re on a deadline for the end of the year for publication of the Feasibility Study and then a decision on construction. I&#39;ve held and bought a few more at these levels as I&#39;m hopeful for higher gold price in Q1 2024 which will put them in an even better position to raise the capital to take the project forward.<br /> <br /> As always, do your own research. Hope this helps.<br /> <br /> SW</span>
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