TM1

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5.2¢ terra metals limited

Ann: Change in substantial holding, page-39

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Resurgam

2,159 Posts.

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10/05/24

00:40

Post #: 73753209
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Originally posted by Hiro: ↑

Just listened to TL's preso in Singapore once again & perhaps I was a bit hasty in my comment above:
"In short, TM1 holders are very close to having our hearts broken or jumping for joy."
The reason for my indiscretion is the lack of consideration for the different mineralistaion styles at Cronus & the reefs.
Cronus is the Nebo-Babel lookalike (only double the strike) & the reefs are nobody really knows yet.
Even within the reefs, given that the geological gods rarely confer exactly the same geologies, there may be differing geologies from reef to reef.
As nobody has drilled the reefs till TM1, we are soon to find out.
Consequently, Cronus may show the right indications from the preliminary assays & the reefs may not, or vice versa, or, in a perfect world, they may all come up trumps.
In short, its early days & this story will continue to evolve & build as more information is gleaned from drilling, particularly diamond drilling.
So the immediate question is what these different mineralisation styles with a potpourri of minerals will tell TM1's geo team as we really are in unchartered geological waters.

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These have been drilled before (red dots in below image).

TM1 Price at posting: 5.6¢ Sentiment: None Disclosure: Not Held
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Last 5.2¢		Change 0.006(13.0%)		Mkt cap ! $18.94M

Open	High	Low	Value	Volume
4.7¢	5.2¢	4.6¢	$64.27K	1.329M

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No.	Vol.	Price($)
1	33547	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	5000	1

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No.	Vol.	Price($)
1	33547	0.051
2	399267	0.050
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Price($)	Vol.	No.
0.053	5000	1
0.054	68600	1
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TM1 (ASX) Chart

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