TNG 0.00% 9.4¢ tng limited

zinc conference summary

  1. 768 Posts.

    I just got back from the Zinc presentation this morning, summary as pronmised follows.

    Opened by Barry Dawes, Martin Place Securities (replaced another guy who was sick).


    * Zinc market very tight and would remain that way

    * Aussies to grow their supply of Zinc to about 28% of global total over the next 5 years.

    * Explorers offer the best upside at the moment

    * Verey little secondary market suply (ie recycling)

    Then Bob Besley of CBH took the stand

    * Most of the discussion was on the Endeavour, Panorama and Rasp Mine

    * Mentioned Exploration and Napier maybe anothewr MVT

    * Ran out of time though did mention their recent investment in TNG and belief this was a very good prospect.

    TNG Presented - Paul Burton, exploration manager (Neil had the flu)

    * Presentation is on the ASX this morning

    * Sandy Creek is 500mtrs in length and 200 mtrs in depth

    * Extensions they referred to in the June ann. are big

    * Sandy Creek South extension is confirmed. North and West to be confirmed

    * Of the the 54Km strike they have very good knowledge of 34Km of this which includes an zone that is SUBSTANTIALLy LARGER than Sandy Creek (Djitbigtun Gossan). See Slide 9 on the ASX today

    He wasn't the most engaging of presenters though managed to get the slides across and I did manage to get one question in.

    Can you confirm this is an MVT?

    Answer: Yes, without a doubt.

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