Club Mulgoa

Tuesday, March 08, 2011

TAS

http://www.asx.com.au/asxpdf/20110309/pdf/41xb0h9whmxy8y.pdf

When you have read the above, check where TAS tenement is in that area. It is nearer Olympic Dam. TAS is so cheap because it hasn't hit the bonanza yet. Will it or won't it? That is a AUD$64 billion question. I hold 2 parcels of TAS... and this is a calculated gamble. Loss for many years now because I bought the bulk pre-GFC, based on the same reason as today, ie the possibility of discovering an Olympic Dam-size IOCGU deposit.

All these deposits are very deep in the ground. And require a lot of capital to develop. So if TAS finds a nice lode down there, you can be sure it will be BHP or OZ Minerals that will take it over.

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