Super - 80mt at Wonmunna may not set the world on fire but there are numbers of favourable aspects like:
- Fe is shallow,
good lump/fines ratio,
can be excavated without drill & blast etc.
I won't be surprised if the evaluations currently underway find that there's an option to generate a worthwhile cash flow. Many holders bought into TLM for exactly this reason. The December 09 quarterly report also indicates that the mgmt team feel it's worthwhile to lock at pathways to realise the commercial value of Wonmunna. I assume they are well informed on this.
Springfield is obviously the prefeered focus, but there's significantly more to TLM than this one project.
not long now., page-10
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Last
24.5¢ |
Change
0.020(8.89%) |
Mkt cap ! $46.13M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.5¢ | $8.959K | 37.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 15000 | 1 |
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| Last trade - 15.46pm 09/08/2024 (20 minute delay) ? |
| TLM (ASX) Chart |