I'm sure like many of you out there, I enjoy listening to the MoM Podcast. In the following episode I thought there were 2 points raised that pertain to TM1. The first was around the 17:00 mark where an Au-equivalent number & its importance to investor understanding of the value of an ore body. It's too early for TM1 to be able to report such a figure. Perhaps I can/will bash around over the coming days & try to come up with my best guesstimate for such a number. The other point raised around the 18:00 mark mentions a "Eureka moment". The fact is that, due to their respective geologies, Cronus is a medium/LT play whereas the other reefs are the ST play. Only 3 holes have been reported from Crius with another 10 due once the lab gets its arse into gear. Once the market sees 13 holes will that be the "Eureka moment" for TM1? Remember, assuming the assays are consistent with the first 3 holes, Crius & Oceania are now considered 1 reef. They separately had 15km of strike. Let's assume a 2km gap between the 2 reefs that was under shallow cover for a 17km reef. Try to visualise even a 15km continuous mineralised reef - it's absolutely massive; and that's about 30% of what TM1 currently has - all in one $13.5m MC company. Anyhow, over time, my optimism & commentary will be proven to be right or wrong. We shouldn't have to wait too long.
TM1 Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)