TLM is in the ideal spot here imo.
- Nice cash balance and cash flowing royalty which limits dilution (iron ore up 5.1% today btw). Could even sell it for A$25m+ if need more funds to go more aggressively at drilling?
- great mgmt and board who have done it before and have significant skin in the game
- excellent surrounding infrastructure which materially lowers the economic hurdle (and makes permitting much easier). Below is from Kingston Resources which the recent targets (Durnings and Rip & Tear) sit in close proximity. And you have other mills short on ore further north.
- what is looking like a precious metals bull market and the recent hits at Durnings look PM heavy
Wont need much to send this thing into the stratosphere.. just need a bit of luck with the drill bit. Fingers crossed!
TLM is in the ideal spot here imo. - Nice cash balance and cash...
Add TLM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $52.73M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 27.0¢ | $119.2K | 428.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 471222 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 149076 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
28.0¢ |
Change
0.005 ( 3.70 %) |
||||
| Open | High | Low | Volume | ||
| 27.0¢ | 28.0¢ | 27.0¢ | 96168 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| TLM (ASX) Chart |