i bought it at 30 cents 2.5 years ago a smallish amount tho...

i bought it at 30 cents 2.5 years ago a smallish amount tho based on its potential iron ore resource. They can easily expand it to over 100mill tonnes and theyre right near all the minnows that have gr8 potential which are near the BHP FMG and RIO infrastructure e.g BRM, BCI, FRS etc etc. A resource at about 100mill iron ore means a decent market cap if youre in the right location, and TLM is in a very sweet location. Sure they have to drill more and expand the resource, but theyre right in the heart of 'where its all at' and near all the freight lines infrastructure etc. At 5mill tonnes a year, youve got a mine life of 16 years ALONE based on a resource of 80mill tonnes. If they expand it to 100mill, youve already got 20 years of mining at 5mill tonnes a year.

Due to tight funds and the ENORMOUS GINORMOUS potential, i understand why theyre pursuing the copper next to SFR.....heck who wouldnt outlay a few mill in drilling to potentially discover a fraction of what SFR has??!!!!!

But you cant discount the iron ore and its location and future potential either!