Post by
Fabe on Feb 01, 2024 11:51am
Exactly what I was expecting
1) A stand alone PR confirming the discovery of a new high grade gold system within Goldstorn. As Ken already alluded to many time in his recent interviews, this has the potential to be a game changer for this project. Imagine using "game changer" when you already print 30m oz AuEq!!
2) An updated Resource Estimate in Q1. Tonnage and grade wi continue to move up. Even thought Ken said he was not a big fan of updated RE as they serve to please shareholders rather than advancing the project, I'm sure it will be used as leverage to bring a major with a 10% ownership at much better terms. It's my guess but I get the feeling that's where we are now. To be honest, Ken also mentioned it couple time again in his mote recent interviews...
Ken has delivered and excuted on every promises he made. He recently said Treaty Creel will be in production before the end of the decade. If you backtrack this, buyout cannot be that far away. Max 2 years and following a PEA. Now if you refer and use Barry GTU presentation, you can easily see the path and reason for a buyout at 5-10x current price.
I'm buying
Comment by
Tardis on Feb 01, 2024 1:39pm
You're absolutely bang on Fabe.....YUP. This NR not wriiten for a retail audience, just a nice little update for those Majors concerned imo. Volume should steadily Increase in the 3 amigos, I would be seriously shocked if a dance partner isn't announced by this summer. Tight Lines All Fishripper
Comment by
Fabe on Feb 01, 2024 2:31pm
Pure speculation here but I wouldn't be surprised if the nice run up last spring was not caused by the market getting wind of talks with majors about a 10% ownership but Ken decided the terms were not good enough. @2$/sh this year?
Comment by
NineLives on Feb 01, 2024 3:54pm
Once house 14 stops selling it'll pop higher before any news comes out. But even just based on properties TUO shouldn't be trading below $1.50, so still look at this as a bargain. Juniors usually rally between Feb and May.