Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-270

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Frogkey

1,686 Posts.

182

23/06/24

19:44

Post #: 74448533
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Originally posted by 2ic: ↑

Interesting threads on TM1, genuine and strongly held beliefs by both the bulls and bears. Unsurprisingly I'm still bearish on Dante's reefs, for similar reasons as @GKeden and more. They are doing themselves no favours with the numbers of posts demanding attention perhaps, long experience has taught me less is more when prosecuting a bearish case in the feeding frenzy of a herd of bulls. Need to drip feed inconvenient information slowly enough that it sinks in without whipping them into a mindless frenzy...

Interesting project, had me reading up on some geology and history of a project type i haven;t considered in detail since Uni days. My contribution today is that Dante's reefs are hardly a new discovery or materially higher grades/thickness than previous explorers found. Not that there can't be thicker, higher grade areas in the reef, just that TM1 have drilled more holes into what previous explorers considered uneconomic. Times have changed, commodity prices risen, the Musgraves are opening up for business... has Dante's reefs time now come, or is it still way too early?

GLTAH

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“My contribution today is that Dante's reefs are hardly a new discovery or materially higher grades/thickness than previous explorers found.”

Really 2IC, is that all you’ve got?
IMHO it’s easily disproven, take this for example;

The two historic drill holes found a total of 3.12m of significant mineralisation. (One was NSR as it terminated above the reef)

The two TM1 drill holes on either side found a total of 36m of significant mineralisation.

TM1 Price at posting: 7.3¢ Sentiment: Buy Disclosure: Not Held
8 Upvote

0 Great analysis

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