TIE - Tietto Minerals

[Sean K]

Removing any more doubt that they are on schedule to pour gold this year. This contractor did Perseus's Yaoure mine, so some experience locally and in the right business. Hopefully no more surprises...

 

[Telamelo]

Removing any more doubt that they are on schedule to pour gold this year. This contractor did Perseus's Yaoure mine, so some experience locally and in the right business. Hopefully no more surprises...


View attachment 140102

Good news just released:

"Tietto TIE Delivers Maiden Measured Gold Resource at Abujar"

Cheers tela

 

[Sean K]

Good news just released:

"Tietto TIE Delivers Maiden Measured Gold Resource at Abujar"

Cheers tela

I'm very happy that the de-risking goes on, but very disappointed in overall ounces up just 3%. They have been producing some really good extension drilling on top of the infill. I was hoping to see a 4 in front of the overall ounces. Not sure what happened to all that extra drilling. I can only guess that the model has been adjusted and inferred resources that they thought were there might have disappeared and some others added elsewhere.

What's a little underplayed is the increase in the mill throughput and comment on the POG in the DFS. The updated DFS will be materially upgraded on these numbers. Gold could have a 2 in front of it by the time they start pouring gold.

 

[Sean K]

And in fact, looking at the details, you've got to ask what all the extension drilling has done over the past 9 months. It's added just a few ounces into the inferred category. Hmmm.

And, the measured portion for 9 months of infill is just 350K ounces. Hmmm.

 

[finicky]

Got a bid that's been sitting a while for TIE. Bit mean @0.45 but chancing that the 50c raising will weaken support for a while. Project does look great except for the Africa aspect but PRU and WAF have gone ok. Worth some limited risk taking.

 

[mullokintyre]

Got a bid that's been sitting a while for TIE. Bit mean @0.45 but chancing that the 50c raising will weaken support for a while. Project does look great except for the Africa aspect but PRU and WAF have gone ok. Worth some limited risk taking.

I dropped a comment in the BTL patreon page asking for a comment on the Tie announcement this morning.
Be very interested to see his comments.
Mick

 

[Sean K]

I dropped a comment in the BTL patreon page asking for a comment on the Tie announcement this morning.
Be very interested to see his comments.
Mick

From what I've seen in the past he doesn't like TIE. Thought the deposit was too inconsistent and the ounces weren't actually there. He might be right IRT the MRE update. 9 months of infill and extension drilling and a pitiful increase in ounces. I have a feeling he will pooh pooh them. Still holding even after the debt funding debacle. I've lost some faith due to that and now this MRE which is no where near my expectations.

 

[Telamelo]

Got a bid that's been sitting a while for TIE. Bit mean @0.45 but chancing that the 50c raising will weaken support for a while. Project does look great except for the Africa aspect but PRU and WAF have gone ok. Worth some limited risk taking.

I agree/think so @finicky that at any discount below 0.50c capital raising price it appears to be a good risk/reward investment punt imo as minimal downside risk (given that this project is now mostly de-risked imo).

P.S. I'm trying to add/buy more around 0.48c-0.485c range if I get lucky.

Good luck!

Cheers tela

 

[Telamelo]

Tietto Minerals (ASX:TIE) releases updated MRE for Abujar

West African gold explorer and developer Tietto Minerals (ASX:TIE) has released an updated mineral resource estimate (MRE) for its Abujar gold project in Côte d'Ivoire, West Africa.

themarketherald.com.au

 

[Telamelo]

TIE share price daily candle chart shows an "open gap" to fill at 0.575c - of which sooner or later this open gap will almost definitely fill/close imo (once TIE share price gets back up to 0.575c).

DYOR .. Cheers tela

P.S. Trading "higher open gaps" is an easy way to make virtually risk free $$ on the stock market I've found from plenty of past experience.

 

[mullokintyre]

Removing any more doubt that they are on schedule to pour gold this year. This contractor did Perseus's Yaoure mine, so some experience locally and in the right business. Hopefully no more surprises...

Another announcement today about how they are on schedule.
The media and publicity department must be well staffed.

The plans to update the life of mine production is interesting. Are they holding back on some of the drilling results that seemed to be a bit dissapointing to us yesterday??
Mick

 

[Sean K]

The plans to update the life of mine production is interesting. Are they holding back on some of the drilling results that seemed to be a bit dissapointing to us yesterday??
Mick

The only obvious material thing that's changed is getting the 350K ounces into Measured which gives them the confidence to increase the mill throughput by 500K and they'll change the POG metric up a bit. Possibly to $1700 to be conservative. I think to increase the LOM they've changed the pit design with different cut-offs which puts more gold in the planned pits and therefore longer life. That exact detail will come out in the revised DFS I assume. I'm just guessing that by this comment below. I haven't checked the original DFS to compare as yet.

 

[mullokintyre]

TIE quarterly out still pushing everything is on track, so will just have to take them at their word.
The only problem I have with this company is that there is a lot of repetitive fluff in their reports.
Same photos, same graphics, gotta do a lot of reading to find anything new.
Mick

 

[Sean K]

TIE quarterly out still pushing everything is on track, so will just have to take them at their word.
The only problem I have with this company is that there is a lot of repetitive fluff in their reports.
Same photos, same graphics, gotta do a lot of reading to find anything new.
Mick

Yeah, I don't think there was anything new in there. They probably could have made it clearer with all those drilling results that they have already been announced. The only addition would be the statement that they are ahead of schedule with the build.

 

[pabloran]

time to get on folks

 

[Sean K]

time to get on folks

I have been buying at these levels, but I think I've posted up some justification why.

The major risk with these guys is their aggressive path to first pour, which is about 1/3 the time of most developers, so they can't go too far wrong there. But, they have a good mine building crew.

The next thing will be the 260K ounces in the first year, which seems ambitious, but the last several months high grade drilling close to surface and resource upgrade makes that look possible.

So, we're just beholden to POG in the short term I think. Junior goldies are predicting further weakness.

 

[Sean K]

This table represents the value of this company. If gold stays at around current prices and we don't go into depression, payback is less than 1 year, then free cash flow. What they do with that is the questions I guess.

 

[pabloran]

i saw caigen to day...everything ahead of schedule.....explained taurus situation and why change of tack...if u want more details plz ask....and for u sean...i asked him where on the lassonde curve we were ....he pointed to the section just before the steep uprising...when i asked about recent price drop he said it was due to world markets and pog...very genuine man with high integrity and ability from what i can tell....i hope this gives confidence to any doubting thomases....i am now all in

 

[mullokintyre]

Tietto released a few more drilling results with the usual highlights about those areas with high gold content.
Nothing excising, but the announcement onece again said that construction is still on btrack to pour first gold in the 4th quarter 2022.
Remains to be seen if that is true, and at what cost.
Mick

 

[Sean K]

Tietto released a few more drilling results with the usual highlights about those areas with high gold content.
Nothing excising, but the announcement onece again said that construction is still on btrack to pour first gold in the 4th quarter 2022.
Remains to be seen if that is true, and at what cost.
Mick

I'm still sceptical about how they can pull this off so quickly. The only reason I thought they could is they had ordered the mill pretty early and the team building this did Sanbrado on time and cost. Still, it's only 6 months before first pour due. I'm prepared for a delay for some reason, but as long as they're pouring Q1 23 I don't think they'd be punished too much.