Looks to me that you may have the wool pulled across your eyes.
TNO currently have a 24.26% working interest in their project which will rise to 73.95% on the completion of a measured resource, PFS and DFS with the issue of 82m shares or 44% of the current SOI.
Add in the cost of a PFS and DFS, whats that? Another 50-90m shares to be issued, some of this might be raised from the 117m unlisted options outstanding which are all in the money currently, i would expect the option holders will only exercise this to sell into the market.
I really cant see the share price over there appreciating too much with the 107% dilution coming to progress the project (on oppies and consideration alone).
TNO with a$22.3m MC for a project with a WI of 24.26% and $3.65m in the bank
or
TMT with a $37.8m MC for a project with WI of 100%, $7.4m in the bank and a much more advanced project.
I know why my money is parked here so should i jump across to the TNO forum and try to push my points over there?
