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THE CRITICAL INVESTOR NEWSLETTER # 123

Dear subscriber,

Treasury Metals surprised the markets with their combined Goliath-Goldlund PEA, and not in a good way unfortunately as economics didn't came out favorably compared to the 2017 Goliath PEA. After analyzing all metrics and discussing them with management it appeared that new CEO Jeremy Whyeth, who constructed the Victor Diamond Mine for $1B 9 months ahead of schedule and under budget which is very, very rare in mining, heavily scrutinized the 2017 Goliath PEA, the Goliath resource AND the Goldlund resource, in order to arrive at apparently more realistic figures. Not often do you see an incoming CEO having such an impact on an investment thesis on such short notice. Although economics and resources were cut back significantly, the upside here is that under Wyeth I see this project being advanced with much more confidence under probably one of the best operational guys that I have witnessed over the years. And it shows, as Treasury has no problems raising another C$17.5M and maybe even more. Read more about it here:

Treasury Metals Announces Integrated PEA For Combined Goliath-Goldlund Project; Announces Upsized C$17.5M Financing

Regards,

The Critical Investor

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