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5.71%

16.5¢ tg metals limited

Agree mate, I'm assuming some/most of the drill spend may...

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aliscrazy

4,093 Posts.

357

05/08/24

18:46

Post #: 75080286
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Originally posted by WhatsTheTip: ↑

Aliscrazy: "Under 2M EV now, everyone says I would have done this, I would have done that looking back - end of the day, they can only buy with the herd lol pretty silly EV now!"

Yep, I would not have thought that a project which could well be 20Mt+ or 20Mt+++ if Jaegermeister comes in would have an EV of under $2m. Buying at this sort of EV is at the low end of the risk spectrum for speculative stocks. It the market starts to like what it sees, the upside is massive.

The difficult question for TG6 is how much they spend developing the project now and how much to they keep costs low so that they still have cash into a period when the attitude towards lithium is better.

If they have mineralisation in Jagermeister I wouldn't be surprised if there's more low-cost seismic work done and some exploration holes in what looks like thicker areas.

For Burmeister, I think its still worth doing the drilling to get to a JORC. TG6 needs to make sure its on all the Australian JORC lists so that when an improved attitude towards lithium returns, they are easily found.

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Agree mate, I'm assuming some/most of the drill spend may have been including in the last qrtly but guess we find out later!

TG6 Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.5¢		Change -0.010(5.71%)		Mkt cap ! $11.73M

Open	High	Low	Value	Volume
16.0¢	17.0¢	16.0¢	$8.045K	48.63K

Buyers (Bids)

No.	Vol.	Price($)
2	28749	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	22815	1

View Market Depth

No.	Vol.	Price($)
2	28749	0.160
2	45011	0.155
3	14265	0.150
3	37414	0.135
3	111974	0.130

Price($)	Vol.	No.
0.165	22815	1
0.170	8258	1
0.175	32600	2
0.185	25000	1
0.190	11917	3

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