Trek Metals Limited

ASX:TKM

Trek Metals Limited

ASX:TKM
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$0.195 (-4.9%)
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#81
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Pinned straw:
Jarrahman
Added a month ago

The roadshow seems to have finished with the videos from all the news videos etc. and looks like they're back in the office getting down to the detail.

No new news since the CR from the company.

SP has come back to marginally above the price it was raised and with a works program laid out below.


What I do like is the initial aim of getting the Gold is still there and they're continuing to go down that path as well as the Mn pathway.


Looks like it will just plod along until Q3 2026 when the results of the drilling comes out. Anyways, I'm a happy accumulator at these levels

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BkrDzn
Added a month ago

How do you make sense of TKM being good value to accumulate at a market cap of $114m?

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Jarrahman
Added a month ago

To be honest, I don't have a valuation nor a price target. It's more about the directionality than the specific numbers.

No doubt this is a speccy business which could be a big hit or a massive swing and a miss. The upside is considerable in my opinion.

The way the CEO talks about the location and the existing relationships with all stakeholders is a tick.

The big dogs who have backed it in is a tick.

Analysis of the gravity survey appears to be good and on track with expectations.

They're well funded, are putting together a drilling plan which will give some more clarity around the scale and quality of the deposit.


The interview on the podcast The Hole Truth, https://www.youtube.com/watch?v=-IXJNsOr7dg he talks numbers on the price of the material, but obviously at this stage it's impossible to say the viability of actually getting it out of the ground and converting to cash...


They've picked up some new tenements in the area too.


Could it continue? yes

could it go dwindle down to nil? yes


I like the story to take a small punt. This is by no means in my largest holdings, but is now at 3-4% depending on the day.


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