Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-87

The only reason TM1 may not get to a billion MC is because they'll be acquired first."

Calm down, this is a good discovery but need to consider the following:
- they're low on cash and likely a CR will happen any day.
- the deposit is in the middle of nowhere.
- the grades for Cu are low and PGEs low-mid, so can't see this being an underground project which will limit tonnage.
- widths are narrow so they'll need a major chunk of the 40km of strike to be mineralised.
- metallurgy might be complex.
- BHP have 390Mt of resources at Nebo-Babel, so unless grades increase significantly, you can probably forget about using their facility or a takeover anytime soon, as they have more than enough resources to last them a long time, and the low grades won't justify trucking to their plant.
All the above IMO.

The titanium/vanadium grades appear good, but they don't supply details of the type of minerals. @2ic any thoughts?

It's a good discovery, and might increase in value if exploration results continue to be good, but claiming a billion market cap is a sure thing at this stage is ridiculous.