TAR 0.00% 1.0¢ taruga minerals limited

Well the recent investor gave the details away already.. The...

  1. 1,767 Posts.
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    Well the recent investor gave the details away already..
    The acquisition announcement states the potential as well, when looking at the terms for payments..

    ORE went in for its lithium based on old local geo survey department resource..
    They simply had to prove it to jorc standard..
    SUM many yrs ago had its uranium but without qld approvals for mining the stuff..
    They just had to wait for this to change..

    In general projects with existing deposits which simply need to be brought to asx standard.. meaning not expected to be too difficult etc.. are usually good value..

    I do see that tar has already gone quite high from its lows.. but if the underlying resource is not fake, then the next 3 to 6mths should be very interesting..

    Due diligence is still on for couple mths i think..
    I guess that maybe at end of it they give some detail on possible shallow mining of one project and some resource figures for the big one..
 
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