TX3 12.5% 0.4¢ trinex minerals limited

Ann: High-Grade Assays Confirm Base Metal Discovery at Mt Hardy, page-8

  1. 1,431 Posts.
    lightbulb Created with Sketch. 97
    I like that Holes 1 and 2 have high grade Cu in the upper and high grade ZN in the lower, around 200m of total mineralisation.

    And if we look at the XRF results from holes 3 and 4 we see more high grade Cu in the upper, but starting from 138m, which now takes the total mineralised length to about 240m.

    This seems to be shaping up as a very significant find. Further drilling will help uncover the size, and hopefully identify the high-grade zones, but for a starting point this is a great result.

    Given there's only ~97.5m SOI on a fully diluted basis and they just raised $1m, it's trading on an EV of about $8m at the moment, which looks stupidly cheap given the hits here, and the other projects in the portfolio. I expect the assays to come will keep building the story and we should see a solid rerate
    Last edited by Ildsrud: 02/08/18
 
watchlist Created with Sketch. Add TX3 (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
-0.001(12.5%)
Mkt cap ! $6.348M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $6.2K 1.725M

Buyers (Bids)

No. Vol. Price($)
13 14139737 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 6100893 4
View Market Depth
Last trade - 14.37pm 15/05/2024 (20 minute delay) ?
TX3 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.