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
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TLM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
0.015(5.88%) |
Mkt cap ! $50.84M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 25.5¢ | $101.6K | 390.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11320 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 78186 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| TLM (ASX) Chart |