Its not a monster but appears to be a medium-sized high grade Cu-Au-Bi Peko-type deposit. Based upon the dimensions that have been reported, say 240m strike length, 240m depth, width 30m (say 15m true width) and SG of 3.0 we are looking at around 2.5Mt to date. So I think with extensions we are looking at 3-4 million tonnes, which is x10 someone's estimate of 375,000 tonnes. As for grade I'm not going to average all those intersections but my eyeballs suggest plus 3% equivalent copper. Peko deposits have a habit of repetitions (not extensions) at depth so there is considerable exploration upside. Also there are other exploration targets in the corridor.
So all negative comments aside in the posts, I think TMS has done a remarkable job in getting so far and so fast. And the former MD for recognising the opportunity.
If 4Mt @ +3% ECu is outlined it will be a company maker.
Its not a monster but appears to be a medium-sized high grade...
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| Last trade - 10.09am 03/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
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| Last updated 14.43pm 03/05/2024 ? | |||||
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