I guess if you’ve been in the market as long as I have, you get...

I guess if you’ve been in the market as long as I have, you get to see it all.

That’s about the only way I can describe the market reaction to what to my mind is an outstanding report.

Now I’m sure there are those out there who feel the ET is BS as there will never be a mine at Dante due to grade issues, strip ratios, distance from port, etc.

If you subscribe to that view, then TM1 isn’t for you, end of story.

Similarly, I’m not going to do a deep dive on all factors (that my non-geo mind is aware of anyway) that will ultimately decide whether there is a mine at Dante, as that decision is thousands of meters of drilling, millions of dollars of studies & years away.

However, put most simply; at the median tonnage & metal content ranges, Dante on just 7km of its 42km of identified outcropping reefs has USD15.7Bnof contained metal (not including Fe, Ag, Co & Ni).

By way of comparison, Nebo-Babel has USD38.7Bnofcontained metal.

Now if we want to extrapolate Dante over its 42km known strike that equates to USD94.2Bn of contained metal.

This DOES NOT include anything for the potential ofadditional reefs on the eastern part of the tenure.

I guess what I’m trying to get at is that at this early stage Dante already has the potential to absolutely dwarf NB.

Again, I acknowledge that my methodology is very back of an envelope & has many limitations. Yet at the current EV of just above $20m, TM1 has to be the best opportunity I have seen in many years to make medium term asymmetric gains on ASX.