"drilling"., page-15

Hi Dagg,

Quick question, what are your views on the prospect drill targets for TLM and ALY both are well funded and are embarking on their drill campaigns aiming to find the next copper sulphide/gold cluster similar to SFR. Are TLM's prospects any higher in your view than TLM's

The reason i ask is (please correct me if im wrong, but if either find a deposit and lets assume it is similar to sandfires find and we assume the market cap post such a find woudl be say $350M then based on share on issue ALY provides a much higher leverage play

TLM ALY
shares on issue 105 70
Current SP 0.7 0.9
SP at 3.5M MC 3.3 5.0
% increase 356% 714%
Assuming

Now if my calculations are correct ALY provides twice the potential upside to TLM, may be i have stuffed up a calc but would love to hear your view