Club Mulgoa

Tuesday, March 01, 2011

TAS

The mere mention of "Olympic Dam" will make people stand up and notice. But no one wants to know about TAS! And today, it says it has found Olympic Dam-type IOCGU system, the market marked it up a little bit. Tiny bit.

It is virtually next door!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! But of course, it takes more than a few drilling results to confirm the size of the find.

Apparently with Olympic Dam, it took 16 drillings before they hit the bonanza load. It is the world biggest deposit of uranium and it has all kinds of minerals in it, Fe, Cu, Au, etc.

I had topped up TAS in the recent past. But I am still at a loss because the bulk was bought before GFC. This is one stock I expect to turn green soon.... And it owns a chunk of EDE but never mind....

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