The key here is unlike typical exploration companies that dilute holders to high heaven with CR after CR to fund new drilling campaigns and a share count in the billions - you get “free spins” here given the royalty puts them in a positive cash flow position. If they’re gona find anything on the existing tenement package I think it’ll be this year - they’ve been kicking rocks and doing surveys long enough now that they should have a decent idea where the minerals lay. Auger drilling just a cheap way to hone in on the most prospective targets to do deeper drill later in the year.
With a low share count and tight register no reason why this can’t fly to 50cps+ especially when you consider the royalty is likely worth ~15-20cps.
TLM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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