new story - tennant creek gold

  1. 2,698 Posts.
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    I saw this one today and thought it looked like a good small value resource story.

    63m shares o/s at 11c - Mkt cap $6.6m
    $4.6m of investments (30m BTV shares) and cash
    large portfolio of gold projects in Tennant Creek area
    250,000oz in Spring Hill Gold project in NT
    Molyhill moly/tungsten resource of about 5mt (not JORC standard yet), being drilled to JORC and resource published end of July - grade of moly/tungsten is equivalent to about 21g/t gold or 2.5% nickel. This is the same size as Sally Malay and a better grade - this could be a really interesting project
    Management (John Barr & Neil Biddle) good operators, known for getting mines in production
    Tight stock, slowly increasing in depth and volume the last couple of weeks

    I can see a nice pop in this one once the resource on Molyhill is published, and they will go into production on it once they have an offtake agreement done. Nice looking story
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