Date of Data Capture: 09/11/2021
Name: TIETTO MINERALS LIMITED (TIE)
Classification: Gold Miner
Current Price: $0.42
Market Capitalisation: $192 M
Forecast EBITDA Growth: N/A (cash flow +ve 2023)
Yield Estimate: 0%
Consensus Price Target: $0.80
# Covering Analysts: 1 (thin coverage warning)
Discount at Current Price: -90.48%
Price Target Trend (3-Month): Up-Flat +33.34%
Signal Timeframe: Quarterly-Monthly-Daily
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
· This gold explorer is developing its assets in the Cote d’Ivoire, West Africa, working to commence production by late 2022, and has been getting attention due to very high grade gold intercepts.
· It can be difficult to value companies before they begin production, but we can see asset quality in recent drill results (like 7m @ 30.67g/t) and also gain confidence in the MD investing $1m.
· The chart shows strong gains leading to periods of consolidation (and good entry opportunities), the trends match underlying gold pricing, which also looks to be turning higher on momentum.
Support ($): 0.40, 0.35, 0.30 & 0.25.
Resistance ($): 0.45, 0.50, 0.60, 0.70, 0.75 & clear.