Management are following a similar path to MOU when it was TVN and they were drilling Nurst. I think it hit 0.095 cents back then but they have since square off a maiden JORC of 486MT for an SP of only 0.014 cents.
I did hear that management were very excited by the prospects in Canning Basin for TPL.
Sadly, in the current market sentiment specs are under valued, investors want cash flow and a resource, regardless of size just doesn't seem to cut it at the moment.
Having said that let me ask you this, would you rather invest in an Aussie explorer and put up with the current Government risks (green run government, anti coal, the man made global warming con, lies and deceit, mining tax, carbon tax etc) or invest elsewhere and put up with Sovereign risks which can bob up overnight?
TPL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
