TCM 0.00% 0.3¢ tiaro coal limited

hi TurboI am struggling to get my head around TCM. To me, their...

  1. 37,911 Posts.
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    hi Turbo

    I am struggling to get my head around TCM. To me, their reporting is not clear. Very technical, but, at the same time, omitting very basic informations, such as drill hole tables. TCM have not released any drill hole statistics over the last year (that I could find), apart from two holes today. Last year, TCM completed 30 holes.

    What do you see that I don't see?

    Why is it pittable?

    For example, in today's announcement, for two holes, the seems are thin (3 metres in total) and to fairly deep depth (57 metres). Is that pittable?

    Or, for example, 10 June 2010 states: "Initial field results are encouraging with a large volume of coal being intersected in the formation of multiple thin seams above 0.5metres in thickness (cut off) contained in working sections to an average depth of 150 metres."

    ALSO, I struggle to understand their exploration target. They say 20 -30 million tonnes but also say target area defined as 3km-4km wide by 15 km long (which equals 252m in-situ tonnes before recovery, using a 3m average seam).

    TCM have acheived little over the years, not one JORC.

    Now the drilling program is suspended again, due to rain.


 
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