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TIE - Tietto Minerals

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ist quarter next year im told
I was referring to the price/MC being a long way off a producer of 260K ounces. The risk is they don’t actually get into production on schedule and they don’t actually produce the stated ounces. There’s every chance that could happen due to a variety of reasons. However, their plant builder has a very good track record, so I’m pretty confident they’ll be pouring gold by the end of the year.
you seem to be in the know sean...whats with the bots...slow accumulation?
 

Sean K

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He may be correct on the aggressive approach to production. It seems like it's way too quick to me too. I think the reason they may be able to do it is that the build team are quite experienced and wouldn't be trying to dent their reputation by getting this wrong. The CEO and Construction Manager built Sanbrado, so a pretty good track record. I think the reason they'll be pouring gold by the end of the year is that they are well advanced with procurement of the mill and there's not a lot of pre-stripping to get to the ore. Anywho, I'll probably be out of this before they pour any gold, unless some of their other targets change the landscape in the meantime. There's also a high probability of some M&A action with a few of the WA explorers/developers and I think TIE might be a target. The easy money was made buying in at the initial breakout at the upward trend of the nice big rounded bottom. I think the guy in the video might be a little bit miffed that he missed an opportunity. :)
 
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last meeting they said production happening ist quarter 2023 end of story!

the real money was made much earlier friend

but plenty more to be made if your a good punter
 
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Sean K

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last meeting they said production happening ist quarter 2023 end of story!

the real money was made much earlier friend

but plenty more to be made if your a good punter

I haven't seen the last meeting minutes. Do you mean presentation? Do you have a reference?

Chart wise, this looks like a nice set up, but the last time I posted one of these (HCH) it tanked, so I hope I don't put the mozz on them. It's not a perfect flag, so maybe some more sideways action. If gold breaks above 1830, you'd expect this to go that direction.

Screen Shot 2022-01-13 at 3.40.14 pm.png
 

Sean K

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TIE chart tanked from that set up, of course. Also broke that support line, which will represent an opportunity.

Update on the mine build out and there's no indication that they're not going to get there. They would have every excuse not to get there with the supply chain disruptions world wide.

Screen Shot 2022-01-18 at 9.38.40 am.png
 

Sean K

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Some OK infill drilling here de-risking the main deposit for early production. More important now to me is extension drilling to build the resource further to extend the mine and possible ounces pa produced. I think there's more upside there that's not factored in.

62 drill holes to be reported in Feb and updated MRE this quarter should be interesting. Hard to tell what the additions will be but that's a lot of drilling and they've been extending the resource with each batch of assays, so will be well above 3.5Moz at a guess. Hard to tell with this deposit. You can see on the cartoon the amount of gold under the shell pit at depth.

They're planning on drilling 100,000m this year which could add quite a few ounces.


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Screen Shot 2022-01-20 at 9.40.50 am.png
 

Sean K

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Getting hits like this in the top 50m of the main open pit is pretty spectacular. First year of production could even exceed what they've projected if this is more consistent.

Screen Shot 2022-01-24 at 9.27.03 am.png
 
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