This Eyre Peninsula prospect, looks interesting, high grades already at very low depths of 50 metres. The company now has to define and delineate it up with more extensive drilling along strike and present to the market later a quality JORC Feasibility study.
Then the company can start mining at very low levels with a relatively small Capex, compared to other mining projects like Nickel, Copper, Zinc etc at deeper depths. The icing on the cake will be if the Tin price continues to rise off it's bottoms on the LME, of $20650 and the dollar continuing to drop against the US.
Tin discoveries are very rare, Kasbah Resources KAS were also a big market mover yesterday.
Plenty of news ahead for Trafford holders. We look forward to other holes pending.
TRF Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
