From my understanding there are 6 diamond hole assays left to be reported on. 5 of the holes were finished being drilled at the end of November and should be getting released in the very short term. The last hole in the high grade zone was finished at the end of last week and will be another 4-6 weeks away from being reported on.
TLM have been systematically and methodically developing targets to be drilled. Correct me if I'm wrong but in South Australia they been compiling infill gravitational survey data so that they've got a better understanding of where to best start a drill program. What would you have them do, just go in and drill holes willy nilly and waste money. We are a junior explorer so the holes that we drill need to be calculated.
Moving on to South Cobar, I am personally extremely pleased with the progress TLM are making and also the way in which they are going about their exploration. When Durnings became a more favourable prospect than Rip and Tear there was no hesitation from management to switch focus to the more suitable target.
As for Neptune24, what a load of bollocks saying management came out with over the top spruiking. The results from Durnings were exciting and show promise and they are following that up with systematic drilling up and down dip of high grade zones.
BabyD is right that it is extremely important that we have an ongoing royalty funding our drill programs, because it means that we can keep on drilling for years without dilution. Not to mention there were multiple targets identified in TLMs South Cobar portfolio that were discovered when they did an airborne survey a few years ago that we haven't even looked at yet as there are higher priority sites, like Mabel Creek.
Lastly, look at management buying on market, especially KH recently when the stock has dropped to 19c. Every time it drops down he's topping up.
Couple of clowns have appeared in this thread lately that think that this is a short term game and not a long term game that could potentially create a lot of wealth for shareholders.
I'm patiently holding this stock and look forward to the next few years of exploration.
My own opinion only, not financial advice, dyor.
TLM Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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