That's why the company described the reefs are "the first of its kind in Australia."
IMHO, that's why it has taken the market this long to wake up to it as it's not a standard type of Aussie mineralisation.
If this is an "Aussie Bushveld", only from surface & with wider reefs, then this is going to be absolutely stupid.
TM1 has scale - 42km of outcropping - and it's still early days.
And as for jurisdiction; WA craps all over S. Africa.
This is a big company project in a penny stock, with 2 behemoths, BHP & RIO, potentially stalking.
The penny stock status won't last much longer as I can see $100m MC in short order followed by $300m soon after that.
If the DD at Cronus comes in, then I doubt whether my heart will be able to stand the altitude.
The story is too early for BHP/RIO.
However I'd be my left nut that they're keeping a VERY CLOSE eye on this & loitering with intent.
It'll take further drilling, met work etc. before they jump; but when they do, they will end up paying whatever it costs.
TL will drive the geological side & IM & Tribeca will drive the corporate side.
We couldn't be in better hands.
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Change
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Mkt cap ! $14.64M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.7¢ | $15.00K | 400.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 475963 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 129332 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 475963 | 0.037 |
4 | 799888 | 0.036 |
4 | 3041000 | 0.035 |
1 | 20000 | 0.032 |
1 | 17500 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 129332 | 2 |
0.040 | 250000 | 4 |
0.041 | 250000 | 2 |
0.042 | 95600 | 1 |
0.044 | 100000 | 1 |
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