RE: Tree shake?29 Oct 2019 10:00
LR on Linkedin....
TPI flashnote; 'Valuation: maintain our base-case, risk-adjusted value of 0.071p
At this stage, whilst we note the updated JORC compliant mineral resource estimate is a significant development for Toral, we maintain our base case, risk-adjusted value of 0.071p per share. This is a simple average between our DCF-derived and our peer-based valuations. We are encouraged with the size and grade of the updated resource estimate and look forward to the preliminary metallurgical testwork results in Q4 2019 as well as geotechnical and hydrological work which is expected to commence by year end. All of these are key components that will help de-risk the project as Toral continues through the develop stage.'