Hard to say in this market, but I reckon one hit of 100-200m at 1-2% Cu and 0.5g/t would be as good as the prominent hill discovery hole and should be worth at least 200m in market cap initially without further drilling. Take in the extent of the size of Death Adder (is larger than the Prominent Hill strike) and the fact that BHP are buying up all good land around Olympic Dam and you might have one heck of a price increase for TRF. Have been reading up on the IOCG deposits and thought that just because they had a nice gravity anomaly and coincident magnetic anomaly may just mean there is a lot of hematite there, but then, why is there such a good copper in soil anomaly at surface? Just coincidence? Seems to be a lot of different anomalies adding up on this one, but lets hope they find some copper and gold to prove themselves right, they haven't done much wrong with their other exploration.
TRF Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
