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#Company Presentations & Videos
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#Bull Case
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12-Sep-2019: 

Zinc explorer.  NT tenements.  Focussed on base metals (predominantly zinc) and precious metals.   Good exposure to a rising zinc price, when that occurs.  Are trading at very low levels currently, as zinc is a lot less sexy now than it was 6 or 12 months ago, so while valuations are always difficult with explorers who have no income (so no profits), they could be close to bottomming from a chart perspective.  But you'd have to be bullish on zinc demand and a rising zinc price.

13-Mar-2020:  Zinc is unlikely to bottom until we get through this bear market, so there's no rush to buy into highly speculative companies like this one at this point.  There's probably more downside than upside in the near term.  And they could easilly run out of money and go broke.

#Bear Case
stale
Last edited 4 years ago

12-Sep-2019:

Zinc explorer.  No production.  Burning through cash.  Low levels of cash currently.  They are likely to do another cap raising shortly.  Zinc is currently on the nose again, hence they have been sold down aggressively of late.  Plenty of risks here.  Not so much an investment as a gamble on a rising zinc price.

#Prospective Catalysts
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Last edited 4 years ago

12-Sep-19:  Possible positive catalysts for Todd River are:

1. Drilling Results.  From 10-Jul-19:  "Todd River Resources (TNT) will reboot its drilling next month at Mt Hardy northwest of Alice Springs after estimating a maiden resource for the Hendrix prospect of 2.6 million tonnes grading 10.5% zinc equivalent.  

The resource grades 6.7% zinc, 0.9% copper, 1.5% lead and 35 grams per tonne silver, with the primary mineralisation currently modelled to be sub-vertical and begin at more than 50m below surface.

Hendrix was discovered in 2018 and is one of a number of prospects at Mt Hardy.

The upcoming drilling will target additional mineralisation at Hendrix and elsewhere at Mt Hardy, and run for "several months".

Todd River is estimated to have about A$1.3 million cash."

[Source:  MiningNews.net article, 10th July 2019]

2. The junior is backed by fellow explorer S2 Resources (S2R) after it bought a 19.9% stake late last year buying new shares priced at 9c each.  TRT was trading at 3c per share yesterday.  S2 or someone else could easilly buy them out.  TRT's market capitalisation is now down to only $5.3m !  Not $53m, five point three million, i.e. you could buy 100% of the shares in TRT for just over $5m at today's price.  That's a lunch order for a decent sized miner or a larger exploration company.  Of course they would have to pay a control premium to get it over the line, so it would be more than $5m to succesfully takeover TRT, but still a strong possibility at these levels.  S2R are no mugs.  That's Mark Bennett's new company.  He used to run Sirius Resources, but sold that business (with their Nova-Bollinger nickel-copper-cobalt deposits) to IGO (Independence Group) for $1.8 billion in 2015.  Nova wasn’t even the first big find for Mark Bennett, or his team.  He had already discovered the Thunderbox gold mine in 1999 – WA’s best discovery in decades (now owned and operated by Saracen/SAR)  —  and the nearby Waterloo nickel mine in 2002.  Bennett's S2R is ten times the size of TRT and they already own almost 20% of TRT.  They (S2R) are one of the more respected exploration companies out there.  Further Reading on S2R.

3. A rising zinc price.

 

Disclosure:  I hold a small parcel of TRT and S2R.  I held Sirius shares before IGO took them over - and did very well out of them.  I recently sold my IGO shares at over $6 for a good capital gain.