TMX 0.00% 0.4¢ terrain minerals limited

Ann: Positive First Pass Drilling Results Smokebush Gold Project, page-9

  1. 4,522 Posts.
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    No bonanza grades obviously (and who doesn’t hope for that) but its been extended north from last year’s program but its still mostly first pass drilling from a spec play. There is a potential project there but not enough now to do a deal on. Interesting to see which way Justin goes from here, he has $1.7 mill cash and cash equivalents so probably another deeper pass and tighten up the drilling then JV it out to a mill nearby most likely if it keeps extending at depth. He has options across both projects but deals always take time and I’d expect impatient holders to move on from here because of a lack of a big headline today, but I’m staying.
    Not much more to add really.
 
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