U must read the TLM quarterly released on Friday. TLM has outlined four very major targets 2 Marra Mamba 2 CID. IMHO and my very speculative interpretation the total tonnage on those four targets could exceed +1 billion tonnes. Why do i say this?
West Angeles is 10 kms along strike to the West at 924 million tonnes iron ore, Hope Downs at 400 million tonnes and Area C 820 million tonnes ( 13 and 20 kms to the North). These are all Marra Mamba formation mines. Assuming that the TLM targets are similar sizes then u go over a billion tonnes of potential (based on the measurements supplied by TLM on their targets).
By comparison FMG has a 1.1 billion tonne resource (but with massive areas for more potential mines than TLM) and is valued at arounf $14 billion. TLM fully diluted is $76 million. This one is very speculative but may have lots of upside. Good luck to all longs
billion ton iron potential 4 deposits
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