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2.50%

3.9¢ terra metals limited

Youve hit the nail on the head here imo.BHP will pounce...

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Bohds

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25/06/24

18:52

Post #: 74484933
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Originally posted by Lucretious: ↑

Re your third line. This is an explorer. BHP a stones through away building a plant to process similar ores. TM1 will not take this to production if they get anywhere near that stage. Any ores would be processed by BHP. So my point is, the remoteness angle is somewhat mitigated in my opinion, but the cost of mitigation is a lesser price for whatever TM1 has at the end of the day.

TM1's job is to define a big enough resource through shed loads more drilling, that BHP realise that as a bolt on to their own tenements, their economics get better. And a deal will be cut in some form or other.

At $25m to $30m market cap after raise, with $6m to drill, the risk reward based on what they found so far is looking pretty good. Further solid drill results get this to $100m pretty quickly, and that's 3 to 4 times current money, so I will stick with it and see what eventuates.

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Youve hit the nail on the head here imo.

BHP will pounce eventually if the drill confirms what we hope

And for a very good premium to what we are valued at now

TM1 Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $16.62M

Open	High	Low	Value	Volume
4.2¢	4.3¢	3.9¢	$26.33K	641.5K

Buyers (Bids)

No.	Vol.	Price($)
1	75553	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	106773	1

View Market Depth

No.	Vol.	Price($)
1	75553	0.038
1	100000	0.036
2	147117	0.034
2	364121	0.030
1	500000	0.028

Price($)	Vol.	No.
0.039	106773	1
0.042	84767	2
0.043	136920	3
0.046	457758	1
0.047	66735	1

Last trade - 14.57pm 18/09/2024 (20 minute delay)

TM1 (ASX) Chart