E25 2.22% 22.0¢ element 25 limited

A lot depends on how good (or not) TG6's drill results. The...

  1. 2,736 Posts.
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    A lot depends on how good (or not) TG6's drill results. The better they are, the bigger the potential value of E25's tenement. I had an earlier punt with a really wide range and at there's not much to indicate a narrowing of that range or even if the top/bottom points are correct.

    Charger doing a farmout to RIO certainly also helps because any big-name player sniffing around will add interest.

    TG6 is doing a CR that posters on those HC channels have mentioned as $6m with a $2m oversubscription option. The price they note of 75c is a bit lower than I'd have thought they might get a CR away at, but it shows there's new money interest in the area. If they raise that $8m that puts TG6's fully diluted MC at $64m (and the market may well improve on that value on Monday). Nearology to this is no longer trivial dollars.
 
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