Not convincing at all. The extremely soft deal suggests to me that the potential is not nearly as great as they are suggesting. The secret to the fantastic grades can be found in the Appendix - "Chip sampling is carried out at selected
outcrops where a site is deemed to be of geological interest". It is fairly easy to pick highly mineralized zones (or gossans) that have a high probability of achieving "outlier" grades. What would reveal the true picture is if they published results for all of the channel samples taken at regular intervals over a meaningful strike length. Would bet my bottom dollar that a totally different picture will emerge. Agree with some of the other commentators that they should focus on some of the previously flagged activities and deliver on these first. I thought the tin project was the next great thing and would have thought that TRF would use their dwindling cash to work these up.
TRF Price at posting:
5.8¢ Sentiment: None Disclosure: Not Held
