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.
- Forums
- ASX - By Stock
- Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs
The only reason TM1 may not get to a billion MC is because...
-
- There are more pages in this discussion • 381 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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($) | Vol. | No. |
---|---|---|
6.4¢ | 29123 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54916 | 0.062 |
1 | 250000 | 0.059 |
3 | 400000 | 0.057 |
3 | 467850 | 0.056 |
1 | 2 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 29123 | 1 |
0.065 | 500000 | 1 |
0.066 | 250000 | 2 |
0.067 | 5075 | 1 |
0.068 | 245454 | 4 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
TM1 (ASX) Chart |