I'm in the industry, I do understand the nature of junior explorers, I've worked for several.
WIA? well, their initial auger anomaly at Kokoseb was one of the best I've seen. coherent +250ppb Au over several km flanking a circular granitoid intrusion. Initial aircore drilling and later RC drilling has identified a relatively continuous zone of gold mineralisation from surface underneath the auger anomaly. The mineralisation zone contains multiple structures with low grade and high grade zones. Quite a few holes are going in excess of 150 gram.metres Au.
The recently released resource of 1.3Moz Au at 1.0g/t Au (0.5 g/t Au cut off) is relatively low grade, though at a 1.0g/t Au cut-off there is still 720k.oz Au at 1.5 g/t Au. Still a lot of work to do and multiple high grade intersections to follow up. If this was in Australia it would be valued significantly higher, Africa has significant sovereign risk issues, even the so called safe ones like Namibia.
It's a speculator for me, but one based on real bedrock metal and a deposit that has real potential. There are orders of magnitude between what WIA has and TEM has.
Trumpy, yes most people can see that the TEM results released to date have been crap, there were quite a few that could see that they were going to be crap from the get go. A copper discovery without copper sulphides. Not a surprise.
- Forums
- ASX - By Stock
- TEM Chart
I'm in the industry, I do understand the nature of junior...
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.153M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $936 | 105.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 4458244 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 288703 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4458244 | 0.008 |
6 | 2021000 | 0.007 |
3 | 1066831 | 0.006 |
5 | 920000 | 0.005 |
1 | 200000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 288703 | 2 |
0.010 | 1074458 | 5 |
0.011 | 1132669 | 3 |
0.012 | 200000 | 1 |
0.013 | 447666 | 3 |
Last trade - 10.15am 06/05/2024 (20 minute delay) ? |
|
|||||
Last
0.8¢ |
  |
Change
0.000 ( 11.1 %) |
|||
Open | High | Low | Volume | ||
0.8¢ | 0.8¢ | 0.8¢ | 74400 | ||
Last updated 14.56pm 06/05/2024 ? |
Featured News
TEM (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online