Next few days and there could be some good movement in the SP
Spot Tin Price in Australia is over $25k a tonne now.
Monto Minerals MOO released the first 5 RC drills results today with their Tin project up in Queensland at Mount Orimonde. Very positive high grades at low levels of around 50m. Very shallow style deposit like Trafford's
SP went up 33% on this announcement on light trade.
Highlights include:
MORC0005 6 metres @ 1.49% from 11 m 3 metres @ 2.8% 5 metres @ 1.03 %
MORC0002 5 metres @ 1.03%
MORC0001. 5 metres @ .94
Yes, this is a speculative skin in the game investment, but we could be potentially onto a huge company maker here like Sirius Resources (SIR). We hope the continuity of high grade, drilling results turn out to be extensive over a large area at Kimba. Then we could expect a huge rerating in the SP, with major institutions buying in and supporting the stock to a new level..
I hope this is a major discovery for Australia, and hope I can see this in print in The Australian and AFR.. Would it big great to read a headline "Junior Trafford Resources flys high, on new Tin discovery"
GLTA Interesting few weeks coming up.
TRF Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held
