Robin Bromby, Pure Speculation From: The Australian June 21, 2010
(CONTINUED) Runs on the board.
YOU could never accuse Terrain Minerals (TMX) of hype.
It put out a terse eight-line ASX announcement covering start-ups of work at three projects. Terrain, which closed on Friday at 2.6c, is one of the ignored juniors but has been putting some runs on the board, with a 320,000oz gold resource at one project and hopes that it can find a repeat of the large nickel body that underpins the Kambalda mining story.
The new man running the company is Chris Tomich, a geologist with 30 years under his belt and an impressive CV.
Its gold focus is the Bundarra project, 70km from Leonora. But possibly the story to watch is the Aztec Dome project at East Kambalda, a structure that is covered rather than outcropping, at which initial drilling revealed similarities to the Kambalda Dome, a story that will be verified only by deeper drilling costing something in the vicinity of $3m.
But it's still a theory and no cinch. We've all seen a lot of great geological theories before and not all of them have been proven up.
Terrain has raised just over $1m to continue exploration. Consider it a dark horse, and one that might stop being overlooked.
