Ann: Lake Torrens IOCG Project - Drilling Update, page-131

First 131 Last

Share
Profile

Follow
Anakin1706

50 Posts.

15

11/03/21

07:50

Post #: 51676308
Share

Originally posted by MarkyBoy49: ↑

Thanks Anakin.

The next catalyst for a rally in the SP will be the announcement of the assay results from FMG's very first two holes at Vulcan North i.e. holes VUD018 and VUD019.

The assay results from VUD018 should be out before the end of this month. The assay results from VUD019 should follow 3-4 weeks later.

With regard to a valuation for TAS, I will give you my thoughts in 2 stages:

Stage 1 - prior to assays from VUD018 and VUD019 being received i.e. where we are now - valuation 88 million MC or 12.5 cents a share

Stage 2 - highly encouraging assays from VUD018 and VUD019 and a commitment from FMG to drill immediately further at Vulcan North and/or Vulcan West - valuation 160 million MC or 22.5 cents a share

The question is of course, what are highly encouraging results? IMVHO, there will need to be an interval of at least 100 meters of Copper at over 1% in at least one of these holes (I expect this result in both holes).

There is also likely to be Gold, Silver and REE's mineralisation in both these holes. I am expecting significant Gold intervals and grades, which could be an additional bonus.

It almost a given that there will be very impressive intervals of high grade (70-100%) hematite (Iron Ore) in both these holes. Depending on the size of these intervals, and at what depth they are, this could be of extreme importance to FMG. In this regard, I am hopeful that there will be additional information specifically about the Iron Ore at Vulcan North i.e. whether FMG intend to extract it as well as the Copper etc. or simply discard the IO as tailings as BHP currently does at Olympic Dam.

Way down the track, i.e. in a few years time, I could definitely see TAS's 20% share in Vulcan being worth at least A$1.4 billion or A$2.00 share.

At the moment, however, I prefer to concentrate on the next couple of months, which promise to be very exciting.

I hope this helps a bit.

Greetings from Dubai.

Expand

MarkyBoy

greatly appreciated & well expressed - that helps a novice like me with some clear sign posts.

I lived in the UAE (Abu Dhabi) for 2 years doing international law - mainly into Australia - let’s just say I was not the biggest fan of the area.....

Anakin

TAS Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 263 more messages in this thread...

First 131 Last

Add TAS (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $2.415M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$275	91.7K

Buyers (Bids)

No.	Vol.	Price($)
12	10537633	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	1100000	1

View Market Depth

No.	Vol.	Price($)
12	10537633	0.003
5	27800333	0.002
2	41200000	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	1100000	1
0.005	4786656	4
0.006	47876	2
0.007	3122571	4
0.009	1329793	1

Last trade - 12.41pm 11/11/2024 (20 minute delay)

TAS (ASX) Chart

Ann: Lake Torrens IOCG Project - Drilling Update, page-131

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Lake Torrens IOCG Project - Drilling Update, page-131

Top Stories

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News