Orinoco Release their 28 Tonne Bulk sample next few days. If the OGX Gold Grades are King, and the SP takes off, there could be some good Buying back into TRF, afterall TRF owns 17% of this low cost producer. Imagine if OGX proves to be a World Class multiple Million ounce deposit in months to come. The Chinese government is committed to buying gold to make the yuan the Number 1 world reserve currency. This was in The Australian the other day. Chinese Gold mining deposits are in steep decline.
I like how TRF are also following up immediately with the Tin drilling. Tin prices in 2014 are expected to be in deficit, and continue to climb between $25000 to $30000 a tonne. TRF have some of the best tin grades in Australia, at low very low levels, they just need to delineate and proved up this resource and bring this deposit with an inferred JORC resource to market.
It was encouraging to see Oxy Bore have more tin and tungsten hits, as another possible future lead. The tungsten hit was a pass with grades more than >.058%.
Plenty of news to follow. TRF screaming buy at these levels IMHO
TRF Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
