There are a lot of juniors out there with much higher market caps than TTR with nothing much proved up.
I guess the thing that ignited Sandfire right away was the discovery hole:
"This drilling returned some outstanding widths and grades of copper-gold mineralisation, illustrating the thick, high-grade and consistent nature of the mineralisation. For example, the discovery hole, DGDD-001, intersected a total of 78.3m of high-grade copper gold mineralisation including 53.2m @ 17.3% copper and 2.5g/t gold in the DeGrussa lens and 25.1m @ 3.4% copper and 3.4g/t gold in the Conductor 1 lens."
The deposit starts at 120m!
TTRs Kundip and Trilogy are of lower grades but much shallower so lower cost mining improves their valuation by comparison. TTRs deposits are open at depth in most cases with only very limited deeper drilling been done yet. So TTR have really only scratched the surface. All these shallow deposits may lead to some much higher density areas from the volcanic activity that brought all these metals to the surface........I am no geologist so correct me if my perception is wrong.
I guess the point is you have to believe what the market delivers in term of share price. Obviously some very knowlegible people and big investors like the look of the Sandfire deposit....demonstrated by their last capital raising to accelerate exploration and feasibility.
But your so right Benchmark TTR is undervalued and it has really struggled to interest investors over the last four years. But it is hanging in there quietly moving forward to a robust project startup.
As GZ says (with eyes/fingers/toes all crossed) if Railway comes up with some interesting hits it could be a new ball game - particularly if follow-up drilling gets some nice intersections with good grades of gold and copper.
Even if Railway does not come up trumps (and it may well not) the prospectivity of the recently expanded tenements and the possibility of deeper deposits on existing discoveries still offers a lot of potential upside!
You can see the market impatience for news on Railway. Its a bit unfair. We should be getting some news soon though.
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