Ann: Drilling Doubles Strike Length of Bluebird Copper-Gold, page-14

Quietly accumulating.
A risk given too much credit is that the TMS tenements are small. It's true that size puts pressure on the company to have a high success rate in drilling and so far expectations have been exceeded. But what if they don't identify a commercial JORC resource?
Below is a map of the area with a list of companies operating there. This shows what an extraordinarily prospective area this is with tenements being eagerly sought after.
The important driver of value for TMS is that with all these companies exploring and many drilling with good results is that there is a reduced chance that TMS will have stranded assets should it turn out that the Bluebird-Perseverance target zone has a quality resource but not big enough to justify the Capex of building a processing plant. Should this worst case scenario eventuate, TMS will be a prime TO target and will have opportunities to JV or off take with other companies to get into production. This is a prime TO, JV, off take situation with potentially large rewards for share holders imo.