TMX 0.00% 0.3¢ terrain minerals limited

Lithium or Cobalt Acquisition, page-6

  1. 1,205 Posts.
    @minoil @mr_lithium @sniperstock @thriftynifty

    Whilst we can clearly see the intention to get more assets continues, looking back the the actual SPP commentary, this looks to be a bit of a prioirty for them and is pretty direct.

    From SPP Doc 28 October 2016 (link)

    Excerpt:
    Terrain is an exploration company that has in the past focused on gold and nickel in Western Australia.

    In recent times, project opportunities in other economic commodities and situated in foreign
    jurisdiction has been assessed and considered for their merits. Although advancing Great Western is
    our focus, Terrain has built up a good network and will continue to look for company making projects,
    gold, copper, lithium & cobalt are currently commodities of interest for Terrain and advanced projects are being assessed.
    End

    Derive what you will, but my interpretation is that:

    1. We are looking at Copper, Gold, Lithium and Cobalt, but we already have plenty gold and copper exposure and this will increase with current planned drilling.
    2. We are already assessing Lithium and Cobalt opportunities. Advanced opportunities.
    3. We have contacts...Yes, they do...WW is very close in with BGS. BGS has Lithium. And no doubt theres more we don't know.

    At this price, and using just a little anticipated speculation (this is the end of the market we are in), its not hard to see how this may play out.

    Support for current levels is good as this is supported by the planned (very close) next drilling campaign which is a resource increase campaign.


    MC $5m - TMX talks about opportunities presenting themselves....well to everyone I say, heres yours

    Lets see what the day brings...another high volume day, and this could move.
 
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