Unfortunately interest is low in this risk averse market. It's not only TRF but many other good companies that don't move very much on good news. I'm happy to take on todays rise though. The market was totally different just over a year ago.
Regarding drilling Death Adder: There aren't many as compelling IOCG targets around anywhere. I hope 3 holes is enough to get an indication. IOCG's are usually fairly big but for some reason are very difficult to nail, with exploration drilling. It seems that these are not very deep so hopefully that will be a big advantage.
I'll mention that IMO the gold drilling of the Western limb of the Weednanna gold prospect is also very compelling. The Weednanna results should be out very soon.
IMO they have a very good chance that they have interpreted the model correctly based on new geophysics and chemistry. If they have, we will have some mouth watering gold assays.
Hopefully we will also hear about the metallurgical tests for the magnetite/ gold rich Eastern limb of Weednanna. Hopefully that will be positive because it's a big gold resource. The Western limb which was recently drilled is not as iron rich and type of mineralisation is apparantly different.
TRF Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
