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and only 24m shares tradeable... Lets see how she goes when the...

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Jezzy

1,672 Posts.

110

03/11/17

13:00

Post #: 28474182
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Originally posted by Jezzy ↑

TNO is worth a look for STT'ers IMO
It was proposed as a cheap zinc (and copper) play with EV around 1.3m and MC around 6.1m at SP=20c.
But.... it has a Pilbara tenement with geology supporting conglomerate hosted gold geology.

The Mt Sydney tenement is underlain by the base of the Fortescue Group, including the Hardey Formation within which a number of conglomerate units have been mapped and The Quartz Bore Project is adjacent to Venturex’s Loudens Patch Prospect and proximate to recent “nugget patch” discoveries by De Grey Mining and DGO Gold.

Market hasn't cottoned on to the conglomerate gold aspect yet.
at SP=40c, MC is $12m and EV just $7.4m. That's pretty cheap for a decent conglomerate gold play, and the zinc is free!!!

Worth a look IMO

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and only 24m shares tradeable...
Lets see how she goes when the spread and IPO flippers are done

Last edited by Jezzy: 03/11/17
2 Upvote

0 Great analysis

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