Moloch has summed things up well. For all the drilling done by TON to date, we see very little of a grade which would even be classified as ore at Balama. And some of that is at a depth of 400 metres or more. It might as well be on the other side of the moon.
TON have a very large deposit. But the question which still remains to be answered is:
Do they have an economic one?
The answer hinges upon whether they can actually locate substantial thicknesses, with good grades, close enough to the surface to be mineable. I wish them good luck with their search, but it looks as if that search still has some way to go.
Cheers, Prime1
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Price($) | Vol. | No. |
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