Australia's largest stock trading and investment forum Australia's #1 stock forum

TNR

8.70%

5.0¢ torian resources limited

@Seth Davis, Just notice the thread title under which I've...

First 9 Last

Share
Profile

Follow
eshmun

11,185 Posts.

2609

18/06/17

23:28

Post #: 25346151
Share

Originally posted by eshmun ↑

Hi @Seth Davis

Haven't followed them closely (just out of the corner of my eye) but I know some of that ground very well. Don't know their other projects but lot's of drilling at Zuleika has happened with little to show. I know a while ago they were excited by the new tenements up near Paradigm. I'm not sure if they are granted or not. Would probably be smart to check.

If you are interested in another junior operating west of Kalgoorlie check out IRC. They've been around for donkeys years but recently they've started to show a little promise. Also around 9.5cents with a larger MC than TNR but they've had a little more success IMO. Lot's of those areas West of Kalgoorlie are pretty ugly with slat lakes and slat pans so in theory could still be hiding something as exploration is more difficult over these terrians. Looks like IRC are onto a few leads and could pocket some good cash from mining Teal. I don't own either but based on the stages of current projects and value I'd prefer IRC.

I don't know what's wrong with me but I like GMD. Three projects, anyone of which with a bit of luck at the end of the drill bit, could be worth more than their current EV (of ~7 million) . They seem like bona fide operators just in need of a little luck. There has been a constant seller in the market so their shares are very depressed considering how active they currently are. If the sellers dry up and they get some luck the stock could easily double and depending on what they find they could be worth a lot more. I'm waiting for them to test the potential for primary ore at Breaker 2. They've already proved the concept at Breaker4. This is gold ground in the underexplored Albany-Fraser domain on the orogenic margin that hosts Tropicana up the road. I don't know if it can be considered significant, as the ages are different, but the tenements also lie along the Kalgoorlie-Kambalda-Higginsville-Norseman line. Kambalda is now getting new life breathed into it through Gold Field's Invincible gold discovery near Lake Lefroy (apparently a fantastic deposit). I need to do more research before I can rule out the possible connection between this line and GMD's ground. Who knows how gold is mobilised or remobilised along very deep seated structures and how many separate epochs of mineralisation could potentially be involved. I'm sure some of the boffins know the answer but even boffins can have their own prejudices based in over-analysis. Gold is where you find it. Afterwards the boffins like to explain why it was found.

Eshmun

Expand

@Seth Davis,

Just notice the thread title under which I've responded to your post. Looks like TRN's Paradigm ground is granted and they've already had a bit of a sniff of grade near the boundary with NST.

I'll watch to see how this develops. Without looking at their other areas/prospects, Paradigm does seem like their best chance for success at this stage.

Eshmun

TNR Price at posting: 9.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 23 more messages in this thread...

First 9 Last

Add TNR (ASX) to my watchlist

@Seth Davis, Just notice the thread title under which I've...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game