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I was playing the Lassonde Curve, as I try to with most explorers/developers.Once they start mining we need to see results in relation to their promises.As per posts above, TIE have completely failed to deliver, which has resulted in their SP being smashed the past few months. In fact, I think they may have contravened ASX listing rules in regard to continuous disclosure on their production rate and AISC. It's quite clear they are not going to meet the forecast 260K oz in the first year and their AISC is $200 more than they promised in the DFS. Twigging their presentations with disclaimers after the fact is disingenuous at best.One thing that jumped out at me in the March quarterly is mill head grade they're running. 0.55g/t Au. That's half their JORC grade.Their plan this quarter is to reach nameplate grade and tonnage targets. I'm sitting on the fence until they lift their game.[ATTACH=full]156884[/ATTACH]
I was playing the Lassonde Curve, as I try to with most explorers/developers.
Once they start mining we need to see results in relation to their promises.
As per posts above, TIE have completely failed to deliver, which has resulted in their SP being smashed the past few months. In fact, I think they may have contravened ASX listing rules in regard to continuous disclosure on their production rate and AISC. It's quite clear they are not going to meet the forecast 260K oz in the first year and their AISC is $200 more than they promised in the DFS. Twigging their presentations with disclaimers after the fact is disingenuous at best.
One thing that jumped out at me in the March quarterly is mill head grade they're running. 0.55g/t Au. That's half their JORC grade.
Their plan this quarter is to reach nameplate grade and tonnage targets. I'm sitting on the fence until they lift their game.
[ATTACH=full]156884[/ATTACH]
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