Touchstone Exploration Inc T.TXP

New Broker Update note on TXP

[Proselenes]

New FinnCap note on TXP.

Download link is below (PDF file).

https://gofile.io/d/uSkrAj

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[Margin321]

Nice report with a lot of modelling.  Very conservative particularly in valuation of everything beyond Cascadura. (Royston, Kraken, exploration targets steelhead and bass and guabine, chinook re-visit). Have to like estimates that cash flow  (based almost solely on Coho and cascadura wih a dollop from Royston early LT tests) is slated to increase 8X in 2022 and 37 x in 2023.  I do

[Samsam17]

Let's see if we can get COHO and Cascadura producing before we start counting the cash-flow. The risk is in all the delays. I have been patiently sitting back waiting but if they can't hit the May milestones, this will unfortunately drop even further. Good luck

[Margin321]

For sure they can't start generating cash without Coho and especially Cascadura coming on line. No argument about that. But hard to imagine anything that could sidetrack Coho right now.  Cascadura has higher risk - not geological risk but execution risk. But why would the government throw in new barriers now?  Wouldnot make any sense.