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TMT - Technology Metals Australia

Discussion in 'Stocks Q-Z' started by System, Oct 26, 2016.

  1. System

    System Administrator

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    Technology Metals Australia Limited has agreed to purchase a 100% interest in The Kop Ventures Pty Ltd which owns the Gabanintha Project, comprising of 4 prospecting licences and 1 exploration licence in the mid-West of Western Australia.

    The Gabanintha Project area is located near the ghost town of Gabanintha in the Shire of Meekatharra, about 830 kilometres North-North-West of Perth and 40 kilometres South-East of Meekatharra. The Company has agreed to acquire the Gabanintha Project primarily for its potential for vanadium but there is the possibility that titanium and iron could also be present. Copper is also known to occur in the region.

    It is anticipated that TMT will list on the ASX during December 2016.

    http://www.tmtlimited.com.au
     
  2. doogie_goes_off

    doogie_goes_off disbelieve if you can

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    Up 240% for the year, is any one watching...
     
    barney likes this.
  3. barney

    barney

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    No … but we should have been:)

    Still a while till proposed Vanadium Production … 2021 but the PFS threw out some good numbers

    $380 million start up costs expected to pay back in under 3 years …

    Life of Mine 13 years to begin before any resource upgrades

    Post Tax NPV $850 million

    Small register/ tightly held …. 55 million shares Only 33 million tradeable, hard to get in at a decent price now

    $35 million Market Cap … Tiny Company with a big resource …. Potential takeover target in the future I'd assume.

    PS Where you been Doogie:p
     
  4. greggles

    greggles I'll be back!

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    Up another 16.15% to 75.5c today. I haven't looked into the fundamentals of TMT yet, but it's certainly had a great month. :)

    big.chart-TMT.gif
     
  5. doogie_goes_off

    doogie_goes_off disbelieve if you can

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    Hiding under a rock Barney...
     
  6. barney

    barney

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    Lol … Hope you put that fish in the fridge!:D
     
  7. doogie_goes_off

    doogie_goes_off disbelieve if you can

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    TMT have bounced back 10% yesterday after coming back from a capital raising sell down. Will be interesting to see if someone has accumulated in the dip.
     
  8. doogie_goes_off

    doogie_goes_off disbelieve if you can

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    Good Vanadium results yesterday, expecting a steady climb back to old highs...
     
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