Australia's largest stock trading and investment forum Australia's #1 stock forum

TAW

Click for more information

0.00%

31.0¢ tawana resources nl

Probably beats NSL resources, yes will have to wait and see when...

First 5 Last

Share
Profile

Follow
cashngrab

6,171 Posts.

106

06/08/15

17:35

Post #: 15764080
Share

Originally posted by nevm003 ↑

It is crazy.. They just continually kick goals but the macro "no love for iron ore" is killing everyone..

I would have thought with the DSO announcement which basically reduces their capital needs dramatically would have been a turning point in stock sentiment. Basically the itabirite needs a basic benefaction plant (given the soft nature of the material is not excessive cost-wise) to bring the product up to a premium grade. However, now with a DSO find, they can use the profit from that to fund the capital needed for the plant.

With sealed roads etc so close by this should be becoming a very cheap project to get off the ground. How cheap I am keen to see more details on this in the coming months once the port access costs are known (which I guess should be soon)

Reality is they should be able to have a working mine on the back half of CY16 which hopefully is post the bottom of the iron ore price (remember they have a premium product so will get a % more per tonne).

Good progress to the team... This must be one of the best juniors in iron ore on the ASX right now?

Do Your Own Research. This is not investment advice.

Expand

Probably beats NSL resources, yes will have to wait and see when its commercial, but .005 i think is a great entry point

TAW Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 3 more messages in this thread...

First 5 Last

Add TAW (ASX) to my watchlist

SPONSORED BY