if we define a few targets, we will become a takeover target!!...

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TopGun1

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01/05/24

11:11

Post #: 73604040
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Originally posted by WhatsTheTip ↑

Delta also has a Yinnetharra JORC but yes the MC to the size of the potential deposit has huge upside for TG6.

There will be commentary by some that you need huge Mt volumes to be viable. Most of the time these will come from individuals holding shares in a deposit that is known or expected to shift to be in the 100Mt+ category. You don't need that size for the economics to work, if the ore you have defined is able to be recovered at sensible strip ratios and doesn't have bizarre processing/transportation costs.

So at say US$1,000/t for SC5.5, how much revenue would a mine 15Mt @ 1.2% mine potentially generate? Many would probably have a default guess in the mid-hundred's of millions (which is why they think you need the 100Mt type sizes to fund the capex).

15Mt * (1.2%/5.5%) * 70% recovery = 2,291kt of SC5.5. If this was sold at US$1,000/t and the exchange rate was around US$0.65 then the revenue is A$3.5b. There's obviously all the time value of money, mining, processing and capex costs to come out of that, but the starting potential revenue figure is big enough that this size can be economic.

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if we define a few targets, we will become a takeover target!!

MIN would obviously be very keen but other players may take notice aswell.

Super low MC with plenty of cash provides great upside!

I agree with your comments - strip ratio, processing, transportation etc are key drivers, that make a project/mine viable.

TG6 Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $11.11M

Open	High	Low	Value	Volume
12.5¢	13.5¢	12.5¢	$11.16K	84.26K

Buyers (Bids)

No.	Vol.	Price($)
1	2615	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	39996	1

View Market Depth

No.	Vol.	Price($)
1	2615	0.130
1	200000	0.125
2	49666	0.120
3	352548	0.115
2	268427	0.110

Price($)	Vol.	No.
0.135	39996	1
0.140	20000	1
0.150	57635	2
0.155	42000	2
0.160	20000	1

Last trade - 16.10pm 08/07/2025 (20 minute delay)

TG6 (ASX) Chart

if we define a few targets, we will become a takeover target!!...

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if we define a few targets, we will become a takeover target!!...

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