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2.6¢ tombola gold ltd

Ann: Exploration Success to Extend Mineralisation at Mt. Freda, page-7

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tbirdsrgo

13,811 Posts.

474

16/05/22

16:03

Post #: 61435744
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Originally posted by kjartan: ↑

I'll throw in my 2c. I think the material value of the company is largely being measured by whether or not they hit timelines for production readiness of the processing plant.

These new gold grades and widths are fine on paper, but they're not bonanza grade and they are from only two holes. They're also consistent with other grades in the area but without the advanced infrastructure and blasting, so don't indicate a new target that could be pivoted to for quicker wins/gains in the short term.

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High grade in exploration is defined as 1.5+ g/t.

So from what they have said it appears good but early days.

TBA Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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