TIE 5.26% 30.0¢ tietto minerals limited

TIE - listing 10am WST... should be a good new gold play.. lots...

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    TIE - listing 10am WST... should be a good new gold play.. lots has happened since they raised..

    MC $40m at 20c after raising $6m in December;

    Since IPO was raised in December:
    • Gold price has lifted from $1240 to $1340
    • Other gold developers trading strongly (OKU has almost doubled to Mcap >$150m with no resource announced yet)
    • Other points to consider
    • Ivory Coast is much safer jurisdiction than surrounding areas (ie Mali).
    • Looking to drill 30,000m in 2018 (drilling deeper and along strike)
    • Targeting 2moz resource base by end of 2018
    • Current open pit resource grades currently at 2gtn for 700koz
    • TIE continues to look for further opportunities within country
 
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Currently unlisted public company.

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