UAMY are probably a little more advanced at this early stage so let’s discount TMG’s valuation to something like 1/3 which gives a share price of somewhere around 18c (or $170m) which neatly coincides with the latest price target released by East Coast Research.
When we factor in that this research report excludes the recent acquisition of Antimony Creek you get some understanding as to the upside potential of TMG and why some posters on here are so excited about the prospects of the company moving forward.
Plenty of posters laughed at me when I predicted WA1 would hit $15 after the release of their original discovery holes (turns out they were semi right as it actually peaked north of $23).
TMG has all the same attributes that attracted me to WA1 but on this occasion my entry levels are substantially lower and the upside levels subsequently higher which for me is like playing with a loaded deck - ignore all the games that are being played intra day and focus on the big picture which is looking like the formation of an antimony powerhouse by Andre and Wiehann.
Best of luck to all holders for the rest of the trading week it’s shaping up to be a cracker…
TMG Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
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