TG1 7.41% 2.9¢ techgen metals ltd

Ann: Ultramafics confirmed at Narryer, page-4

  1. 10,276 Posts.
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    Absolutely, exciting is the word.

    I really like this 'Narryer' now that they found ultra mafic rocks daylighting.
    And the copper play at Station Creek just begs to be drilled - great field work done there too.
    And the Gold veins near the Canagi copper mine (on the other side of the river actually) have to be drilled. It's interesting the old timers sunk shafts to the N.W. so that must be where they were seeing good surface accumulations, but the Company tends towards the S.W. as being open.

    With the low Cap and cash and tight registry it could bag and then bag again on news alone.

    As you observe you have seen and for me even come close to huge fortunes on small cap ASX, but @Zenzen we should caution that a lot of study into ore formation and the workings of the market etc. is a prerequisite. A sharp mind and a thick skin to suffer the pain is necessary, but you know, a lot of the guys I know who have done it, have hard and calloused hands from working in the business - they seem to have an instinct for the Great Game we play.

    TechGen's board is strong too - a huge asset for a low cap explorer - the Lady Chair is a Lawyer and Banker - the Co Sec. and CFO is an MBA - the Technical Director is a well qualified experienced Geologist and is the MD the bloke with the calloused hands who collects the rocks to put in the donkey's saddle bags?
    I expect TG1 will acquire and prove their projects by early exploration then perhaps dispose or JV some of them - ultimately great wealth can come from a portfolio of royalties.
    But that is just a hunch - and with full respect to the leaders - so don't pay attention to me.

    For those who do not already have it here is the Renumeration Report from 2021 AGM. Note modest cash payments and main pay is by options. Looks good to me.

    https://hotcopper.com.au/data/attachments/4370/4370038-4a5fb777c48762f3c3e08b9e33f2c0ee.jpg


    GL all. Take care. DYOR.
 
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