If above 90c can be held today, a new level has been reached. Will drilling forthcoming, a YML rise up to $1.50 is highly probably.
And why not?
They have 430mt+ of high grade haemitie ore.
Assigning a highle conservative profit margin value of $10per tonne, they come out with a gross profit of 430mt*/$100 = $4.3BILLION DOLLARS
Using $30pt (far more realistic), 430mt*$30 = $12.90BILLION DOLLARS
They are located in arguably the best iron ore grounds in the WORLD.
I know the chart is daunting, but i have recently bought in after following the stock very very closely for a week of two. It AINT retracing. It has had ample opportunity to and it aint going nowhere.
With:
a) Upcoming drilling - real drilling; not surface samples (lol)
b) Fed rate cut - a 50bp cut will bow the markets away
c) Iron Ore price negotiations soon to be finalised (I expect a 50% increase - and a 50% increase is 20% above market consensus - all the solid, quality FE stocks will run, this being the most qulatity under $200mn mkt cap)
So, DYOR and have a long look. Everyone is buying on the dips so youll have lots of competition.
No other stock here has this much potential. They could be the next MMX. 430mt+ of haemitite!!!
Cheers!
- Forums
- ASX - By Stock
- TLM
- the hot hotcopper hot stock. the next mmx
the hot hotcopper hot stock. the next mmx
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TLM (ASX) to my watchlist
|
|||||
Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $42.37M |
Open | High | Low | Value | Volume |
21.5¢ | 22.5¢ | 21.5¢ | $8.739K | 40.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 64142 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 8038 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 64142 | 0.210 |
2 | 25000 | 0.200 |
1 | 5000 | 0.180 |
1 | 781 | 0.160 |
2 | 47414 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 8038 | 1 |
0.235 | 14734 | 2 |
0.240 | 40000 | 1 |
0.250 | 57000 | 2 |
0.265 | 8080 | 1 |
Last trade - 14.54pm 15/08/2024 (20 minute delay) ? |
Featured News
TLM (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online