TM1 5.08% 6.2¢ terra metals limited

The only reason TM1 may not get to a billion MC is because...

  1. 818 Posts.
    lightbulb Created with Sketch. 387
    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.
 
watchlist Created with Sketch. Add TM1 (ASX) to my watchlist
(20min delay)
Last
6.2¢
Change
0.003(5.08%)
Mkt cap ! $22.59M
Open High Low Value Volume
6.0¢ 6.5¢ 6.0¢ $312.0K 5.036M

Buyers (Bids)

No. Vol. Price($)
1 54916 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.4¢ 29123 1
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
TM1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.