Comparisons with SFR at this stage are premature.
For a company with only a smallish proven resource (the iron ore is JORC) TLM has a high market cap.
This means that some exploration upside has been factored into the share price as punters are literally "punting" on some good results.
If TLM drill dusters in Doolgunna you can bet your backside the share price will be down about 30%-50% quicker than you can click the sell button.
Of course if they pull up some good drill cores the price will shoot North as expectations of bigger things in the future will emerge.
This one is speculative but based on today's price probably worth a punt IMHO.
not long now., page-6
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Last
25.5¢ |
Change
0.015(6.25%) |
Mkt cap ! $48.02M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.0¢ | 25.0¢ | $25.04K | 99.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5893 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 41670 | 2 |
View Market Depth
| Last trade - 11.52am 27/09/2024 (20 minute delay) ? |
| TLM (ASX) Chart |