The NSW projects which they have been purchasing are geographically co-located and virtually encircling the Hillgrove mine, and in addition to substantial antimony deposits, they are acquiring significant gold, tungsten, silver and other mineral assets.
At a time when the price of these minerals is appreciating substantially, acquiring the assets at favourable cost appears to be a very sensible strategy, and sets the company up for long-term production from a suite of mines conveniently co-located.
TMG Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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