Okay, what a day. Go ahead and read disclaimer. Thank you.
PDAC is a zoo. There are so many booths I didnt even get to half of the ones I wanted to. Nonetheless I got some great info for us.
TINKA TK.V / TKRFF
Management thus far has exemplified a clear understanding of what needs to be done. They are A+ in my opinion. We are currently trading at 47 cents as it touched .53 in the day. Let me give you the run down why I think TINKA is my diamond in the ruff...
Okay so here goes nothing...I'm no analyst, but here’s why Tinka is one of the most talked about PDAC stocks already.
First off, on Friday management announced a grant of stock options to its directors and officers to purchase up to 500,000 common shares at .45 for three years. HELLO! WAKE UP MARKET!
Here's the rundown.
Fully Diluted: 60,550,511 shares
Note: "Silver recovery ranged from 90 to 97% with cyanide consumptions of 3.5 to 8.0 kg/t after leaching for 72 hours, silver leaching kinetics were extremely fast for both composites"
20 mill ounces x $20/ounce = approx $.66/share
20 mill ounces x $30/ounce = approx. $ 1.00/share
20 mill ounces x $35/ounce=approx. $1.15/share
20 mill ounces x $50/ounce=approx.$ 1.66/share
20 mill ounces x $65/ounce=approx. $2.00/share
20 mill ounces x $75/ounce=approx. $2.5/share
-This does NOT take into consideration any additional drill results coming in this summer (50 holes)
- This does NOT take into consideration any Tibillos copper finds
.50 is a joke. I am fully fully loaded now as my bid was filled at .48 today. thank you to whomever gave me those shares. You are a donkey. Also from today: VANCOUVER, March 7 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV:TK; Frankfurt:TLD; Pink Sheets:TKRFF). Mr. Andrew Carter, President, announces that it has signed a drill contract with a Peruvian registered drilling contractor to undertake a diamond drilling program at the Company's Colquipucro silver project, west central Peru.
The program will be for a minimum of 1,100 metres. Two of the holes will test the geological structure at the Ayawilca zone prior to the commencement of the eight hole reverse circulation drill program. The remaining holes will be drilled at Zone 1 to test the northern extension of the existing resource.
Mr. Carter said: "An initial diamond drill program will assist in understanding the structural controls at the Ayawilca zone prior to the reverse circulation drill program."
The Company's Qualified Person, John Nebocat (P.Eng.), has reviewed and approved the contents of this news release.
On behalf of the Board,
I threw a small tantrum at PDAC today, I'm surprised security didnt kick me out. I dont know what to say. Managements track records suggest they are NOT idiots. But todays press release, on the delay of the 43-101 is puzzling to say the least. I have sold 35% of my position at .50 as it crossed the MA, and holding the rest to salvage whats left of this. Again, not the worst news, but the market wants the estimate, like 2 weeks ago. I think management is holding off till April 2nd, in order for the native elections to be over, and then drop the biggest bomb on the potash world. Fuck sakes. Still 50/50 coin flip here, as my anger didnt get me anywhere today, even at the other booths. Tight lips in this sector, weird.
GWG Great Western Minerals Group.
Today's news out of China would suggest that they are hoarding even more rare earths. Click link here as the bloomberg article says it all...Click here for potential GWG acquisition from Moly
I'm surprised the market didnt take this to highs...
Keep safe. And read disclaimer. And get some fuckin tinka before the market buys it up...60 million shares is nothing!
FULL METALS REPORT TONIGHT, see you late around 11 pm est.