Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-48

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wrongsidetrader

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31/01/22

14:20

Post #: 59245146
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Originally posted by Black Cat: ↑

Wrongsider Read the link posted by mjp2 -it's very instructive. VMS deposits are a huge 'gamble' only pursued by small explorers with not much potential to bring in a major partner and after all isn't that what you would like to see happen with TKM. So even if after a few years or many years TKM delineates a VMS deposit you might have a long beard before that puts TKM on the map. You will all get tired waiting -
De Grussa was a very lucky hit on one of the richest 'smokies' you will ever find - which one of our late favourite sons Graham Hutton was targeting - and if you find a VHMS deposit like that its happy days. When they came up with the first drill hits I said $ 5 a share and it hit them out of the ballpark exceeding that by a country mile. But guess what -after extensive exploration by SFR and fifty other companies over many years no more smokies nearby.
None has suggested TKM drop Pincunah -I don't recall saying that but what I am saying is don't focus solely on Pincunah -grasp the lithium nettle as well as the gold.
The brutal fact is major companies are falling over themselves to gain exposure to battery metals but they are not knocking the door down for a Pincunah. So all TKM has to do is first 'mention' lithium -allocate a small part of the exploration budget to that commodity -and gold - get a premium in the share price and then let someone else pursue the lithium if they wan to devote their entire life to a small VMS deposit.

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Thanks Black Cat, and @mjp2, I'm digesting the article.

I think your points are fair and sensible! Perhaps BOD and Co were steering TKM away from the Li bear correction and oversupply issue, and sought a strategy they felt would be better delivered through Pincunah exploration?

Watching this current Li rally, and the benefit of hindsight, perhaps they're thinking likewise...

Thanks for the great post.

TKM Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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