Yes indeed, no post for months.
Management did what they needed to do, shut up shop to preserve cash for last few months to survive fall in base metals.
Main project is Woodlawn and Lewis pond, zinc/copper deposits, had similar profile to JML when prices were high but just 12-18 months behind JML in development was crucial.
Woodlands Tailings
11.7Mt @ 0.5% Cu, 1.4% Pb, 2.3% Zn, 31 g/t Ag, 0.3g/t Au
Underground
10.2Mt 1.6% Cu, 4.5% Pb, 11.2% Zn, 92g/t Ag, 0.5 g/t Au
102M shares
A$2.5M cash
Market cap ~ A$6M.
Position at 8.4c today and friday, provides a good call on prices and change in sentiment for zinc and copper development projects.
- Forums
- ASX - By Stock
- TRO
- one for the doggy bag
one for the doggy bag
-
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online