As painful, surprising and ridiculous the trading action has...

As painful, surprising and ridiculous the trading action has been since the IPO listing date, TIE is getting closer to announcing its first round of results for an initial 8,000m of drilling. We should expect to hear some news within the fortnight, with results due by the company in late February.

OKU is in Mali (the country next door) and found another monster deposit today. Lots of results, grading around 1-2 g/t. A few standout grades, which is what you get in this neck of the woods. OKU  has been around A LOT longer and is worth $123 million, ~5x the size of TIE. TIE is the newbie on the block has a $30 million EV at 20 cents.

It doesn't make any sense...

Cote D'Ivoire is considerably less risky than Mali and one of the most developed counties in Africa, which offers a fast path to production. It's also known to hold multiple million ounce + deposits. TIE's projects have proven gold and the market doesn't care because it hasn't seen the grades in real time. It always wants to see the proof in the pudding before it gets excited.

30,000 meters being drilled this year by TIE, looking to triple the resource to 2+ million ounces. OKU doesn't even have a resource yet.

Its valuation is pure speculation.

In the past, TIE has drilled 13,000 metres (82 holes) to come up with its resource of 703,000 ounces, with most of that at Abujar. That's roughly third of this year's drilling program, so its possible that TIE could triple the resource by years end.

We should see a significant amount of news flow from the 30,000 metre program.

Hopefully the company will also do a couple of road shows, presentations and multiple announcements to drive the share price in the near-term future. Has anyone heard anything on this front? Most companies are terrible at marketing, unless they need to raise capital.

TIE is going places but its still early days. That's why its dirt-cheap - the market is waiting to see the next round of results and the thickness of the intersections. We need to see a bit more drilling to be taken seriously and there's plenty of that coming this year. One thick high grade intersection could double or triple TIE's market cap in the next few weeks. That could easily happen. It will also be interesting to see the potential at depth, which could get punters extremely excited.

Things are looking good from my end. Great risk-reward from this level, IMO. DYOR.