Geophysics Survey Expands Gold Potential at El Zorro
Webinar today shows that
My biggest takeaway is confidence
- Began hiring for production
- Plans to increase Drill Rig Count
- Budget for another 4 quarters
- Target initial resource 100,000 ounces for >10 years (En route middle of 2021)
To play skeptic, it could also be a sense of urgency before another CR is required. However, either way in my books management are doing the right thing. A sense of urgency is required and exampled.
With the performance rights and current skin in the game, I am confident, managements interest are well aligned with shareholders.
Tesoro Increases Ownership of El Zorro to 85%
Current volatility of POG adding pressure onto the share price
Commodities boom prediction from respected economists such as Michael Knox
Recent interview with the CEO suggest that bigger players have an eye on the company.
Management is aligned with over 15% stake and a massive performance bonus if it can deliever a maiden resource by June 2021
3rd biggest investor is a Chillean local
Recent increase of holdings from a top holder
24/7 drilling, shows urgency
Recent CR of 18M AUD from investos at 27c
Jay Powell is aiming to let inflation run until at least 2023-2024 target, as indicated by his speech in Jan 2021 and most recent talk 10 Feb 2021. By then uncertainty may be at record highs, a huge driver for interest in gold.
It is a matter of time until a need to switch into wealth storage positions. With TSO's position as a explorer it is well positioned to be in production and reap the benefits of changes
Chile has already begun rolling out vaccinations
Despite all the headwinds, it is still a exploration company and has the associated risks.
POG will continue to be volatile and will require a higher risk appettite
The market is a forward looking machine. No one can perfectly time such things, but fully disclosure, I hold this company.
Due to the associated risks and current market sentiment, there is significant upside in the short to medium term, let alone long term.
While my profile does not reflect my actual performance in the slightest. My market in 2020 doesn't make me any sense of genius. Its been a bull market afterall.
I may have entered too early but I do believe that this company is due a rerate. However this is the market and "the market can stay irrational longer than you can stay solvent."
Look forward to hear other perspectives.