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TG6

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7.41%

29.0¢ tg metals limited

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MitchInvest2018

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18/03/24

13:34

Post #: 72940816
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Originally posted by WhatsTheTip: ↑

As Haplo notes on twitter, this idea has been explored in the past. Critically Kidman's preliminary study put the conversion cost at a very modest sum. This modest cost (which will be bigger in 2024 dollars) means MinRes isn't going to need massive returns so as to achieve perhaps 20%+ return on capital from undertaking this scheme.

If MinRes doesn't need to charge huge fees, more of that money can be passed through to the miners who provide the ore. This means the potential pathway to production for TG6 is define a mineral resource. Seek to convert the tenement to a mining licence and then get the various approvals to undertake open pit mining. Concurrent to this TG6 would enter into an offtake agreement with MinRes. They then need to start digging the open pit and some of the ore starts at only 25-30m down. A pit to that depth doesn't take long.

If they defined even a 5Mt resource, they could provide a 1Mt/yr for 5 years offtake to MinRes. The question then is what margin per ton of ROM suitable material could be achieved. There could be some serious margin for TG6 in trucking DSO up to the Poseidon plant.

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The goat has already posted on twitter about it

TG6 Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 29.0¢		Change 0.020(7.41%)		Mkt cap ! $15.68M

Open	High	Low	Value	Volume
27.0¢	29.0¢	27.0¢	$43.03K	152.8K

Buyers (Bids)

No.	Vol.	Price($)
1	9716	28.5¢

Sellers (Offers)

Price($)	Vol.	No.
29.0¢	46400	1

View Market Depth

No.	Vol.	Price($)
1	9716	0.285
4	62856	0.280
2	54774	0.270
3	60400	0.265
2	58000	0.260

Price($)	Vol.	No.
0.290	46400	1
0.295	20000	1
0.300	9843	1
0.305	5582	2
0.310	45334	3

Last trade - 16.10pm 10/05/2024 (20 minute delay)


Last 29.0¢			Change 0.020 ( 3.57 %)
Open	High		Low	Volume
28.0¢	29.0¢		28.0¢	52977
Last updated 15.59pm 10/05/2024 ?

TG6 (ASX) Chart