TM1

7.69%

7.2¢ terra metals limited

Hello. Your posts appear self-contradictory because TM1 appear...

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GKeden

2,238 Posts.

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22/06/24

12:17

Post #: 74437626
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Originally posted by GeoPacker: ↑

We have assays from an additional 16 holes pending, to be released in the coming weeks.
Following the above, the team is wasting no time and will publish an exploration target to give us an indication of the potential size of this discovery.

Let me remind you that it is very rare for a company to drill the best hole in the first few attempts. As they continue to drill this out the story can change really quickly and significantly if successful

When ASX:GAL had an indication of a “Platreef” style PGE-gold-nickel-copper deposit, their share price shot into the hundreds of millions. It was only after they were not successful (too small and low grade) that the share price decreased.

For reference, GAL's deposit: 17.5 Mt @ 1.04g/t 4E1 , 0.20% Ni, 0.16% Cu (2.3g/t PdEq2 or 0.52% NiEq3 )
GAL is currently still valued circa $40 million market capitalization

TM1's grades are significantly higher, the strike is an eye watering 42kms

Mineralization already defined over 3km in length from surface at Reef 1, while first assays at Reef 2 confirm a further 1.5km of strike.
I think the exploration target here will show a figure that is quite substantial IMO

All for circa $20 million market capitalization, the RvR here is clearly in our favour

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Hello. Your posts appear self-contradictory because TM1 appear to have no where near the grades of GAL's deposit: 17.5 Mt @ 1.04g/t 4E1 , 0.20% Ni, 0.16% Cu (2.3g/t PdEq2 or 0.52% NiEq3 ).

14E = Palladium (Pd) + Platinum (Pt) + Gold (Au) + Rhodium (Rh) expressed in g/t

Last edited by GKeden: 22/06/24

TM1 Price at posting: 7.3¢ Sentiment: None Disclosure: Not Held
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Hello. Your posts appear self-contradictory because TM1 appear...

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Hello. Your posts appear self-contradictory because TM1 appear...

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