I'm happy to see the SP stabilise at 15c after its rocket from 5c.
Its great that TNG farmed out Marrabum and its free carried for them from now on, the silver price is going up but my research indicates that world zinc supplies are pretty high and price is dropping.
This values the project at $9m, and with $2m in the bank per their Dec quarterly report values Mt Peake at about $30m per the current MC.
Also the newly secured copper licenses at Mt Peake is a wild card that the market hasn't valued into the SP....yet.
With a huge exploration target aswell, TNG can only go one way..up!
From their presentation the next 12 months is looking very exciting and finding a strategic partner is high on the list.
TNG Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
