TG1 13.9% 4.1¢ techgen metals ltd

For a circa $4.8m Mcap TG1 has six major projects in NSW and WA...

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    For a circa $4.8m Mcap TG1 has six major projects in NSW and WA in metals of great variety:

    https://hotcopper.com.au/data/attachments/5952/5952851-2fc3e56f116bc1adfa281108cae12f55.jpg
    https://hotcopper.com.au/data/attachments/5952/5952856-1a0e47f78d85e080d342ce41749d443b.jpg
    Among above, the permits for Stage 3 gold drilling program for John Bull Gold Project have been received; IGO continues planning for the upcoming field season at the North Nifty JV Project in the Paterson Orogen, though Rio Tinto has withdrawn from the Joint Venture at the Harbutt Range Project (due to current Nickel price ?).

    TG1 has a relatively small register still even after the recent $2.79m raise (last Nov) - circa 127.1m total SOI plus 8.2m performance rights and ~35.1m Options (among them, circa 22.6m options have exe price in 20c (exp in 2026) and 30c (exp in 2024); plus the newly issued 12.5m options ex 12c exp in 2026).

    Personally i like John Bull Gold Project (from surface, relatively decent size, long intercepts though in average/lower grade; understand the stage2 drilling results were not as good as stage1 hence the sp drop at the time?):
    https://hotcopper.com.au/data/attachments/5952/5952943-9a0994df7b3476b647bb2f4f739f21cf.jpg

    For a company of mere $1.4m in EV?.

    In at these levels for a punt in anticipation of some/possible left-field news being such large tenements with great variety in precious/base metals as well as having enough fund for the time being (enough to last three quarters to say the least?).. Pls dyor and glta.

 
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Last
4.1¢
Change
0.005(13.9%)
Mkt cap ! $5.253M
Open High Low Value Volume
3.6¢ 4.1¢ 3.6¢ $48.45K 1.208M

Buyers (Bids)

No. Vol. Price($)
1 15000 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 237620 1
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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
4.0¢
  Change
0.005 ( 5.26 %)
Open High Low Volume
4.0¢ 4.0¢ 4.0¢ 96142
Last updated 15.28pm 10/05/2024 ?
TG1 (ASX) Chart
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