TMX 12.5% 0.4¢ terrain minerals limited

Bigger landholding than WC8, page-2

  1. 4,235 Posts.
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    Once they’re granted they start costing money, there is obviously a reason for the time being taken as other targets are more advanced and are pressing for the company $ to be spent on them.These tenements are not a priority right now but they are not going anywhere either and in the meantime they increase in value. Ben has been up on the ground and more importantly management is doing what they have done at SB and looked at what methods companies next to those tenements used to find their (in this case Li) deposits.

    If you want something near term to look for wait for SB assays on IP targets particularly holes 12 and 23 as poster a-g has said one hole doesn’t make a mine but he’s wrong about one hole not making a discovery (obviously subsequent holes prove economical viability). In this case these two holes are over 500m apart in the same IP target. There are no guarantees but they both carry identical mineralisation that continues to end of both holes and if (again no guarantees) they carry reasonable grade gold that’s a potential big discovery with near term production possibilities.
    There is a lot to like about TMX and a lot to be frustrated about, not having the Pilbara tenements grated isn’t one of the latter.
 
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