Ann: Lake Torrens IOCG Project - Drilling Update, page-46

Where do you get a 125mil valuation from? not sure on the figures of t20 holdings but if you are comparing to CHK they are both valued where they should be imo if not 1 is under valued and the other over valued, i now hold both company's.
TAS will soon be only holding 20% they have 300m of weak CU bearing host and would be 1% CU if the gods are shining, 300m strike is very good and these become viable! all they have going is a free ride through drilling and losing more % of the resource to a point where they would not be in a position to raise enough money for resource definition to hold remotely more than a few % on JORC completion.
Best outcome is the company being swallowed by FMG early which is the best play here and looks promising considering the 1st holes.
BHPs oak dam drilling has well exceeded 30million in just the last rounds of drilling just for a scope.
CHK is at 80% not being recognized by OD and has results due but not releasing till next week until litigation with OD is resolved, they have a similar strike and hold 4x the project of TAS and likely to hold 90% if OD keep playing games they cant win, CHK is only 1km west from BHPs huge oak dam discovery with a likelihood of these being conjoined mine if CHK has a significant strike also being swallowed by a bigger fish but for 4x or more due to how much of the project they hold.
Lastly the host rock and minerals of CHKs strike is arguable to be x2 the Cu% plus high Cu % in the bornite strike zones and located higher as far as depth goes for drilling and mining costs and has good gold bearing potential.

Do some research on both! HOT micro cap stocks in the most bullish market on the asx
Keep your eyes peeled imo

GL everyone and well done to the LT holders under the rainbow