It's been over a year since Rip n Tear drill results came in. Rip n Tear appears to be a massive low grade SEDEX Lead Zinc Silver deposit which TLM hopes to sell to one of the majors. The belief is that low grades are trumped by scale and long mine life.
TLM is committed to returning funds to shareholders. They repeatedly say just that in virtually all their annual reports. The last capital return took place in 2019 when they sold a copper project, Monty, to Sandfire Resources.
The folks at TLM seem keen to dump Rip n Tear to chase other high grade opportunities elsewhere, particularly at Durnings.
The reason for this thread is thus: How does one value something like RIP n Tear?
If you work in or follow the mining industry, please share your views.
With a bit of luck, we might receive a special dividend soon.
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