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Ann: Lake Torrens IOCG Project - Drilling Update, page-45

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1lluminator

2,120 Posts.

346

04/03/21

19:47

Post #: 51529372
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Originally posted by inkblot: ↑

Hi, in the event that the time comes for TAS to contribute to development costs. the share price of TAS will iNOT. be 10 cents. You would be talking of a cap raising at between $5 to $10 per share or even more. As an example, look at Chalice Mining which has about 362 million shares . Share price has risen from 10 cents to 4.50 since October 2018. Market cap of Chalice is $1.57B, so not impossible for TAS market cap to reach similar levels or much more with good drilling results. And this could turn out to be a super monster.

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Out of interest does Chalice have a farm-in deal in place or do they 100% own their mine?

TAS Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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