TAS

TAS is being funded by RIO to drill in South Australia near Olympic Dam. Based on surveillance already performed (gravity and magnetic anormaly), it is expected to be bigger. Of course, you need to drill, and drill deeply and extensively to confirm that estimation. No small miner has that financial capability so when RIO came along, it put a booster in the share price.

But investors' memory is very brief. It has started to drift down again. I put a lowish bid in at 11.5c and only managed to collect half of what I wanted. Drilling has probably started at Lucas Hill (not the JV tenement with RIO) and will take more than 2 months to get a result. This deposit is very deep. Watch this stock. If it is successful, then the share price will fly very high but the reverse can happen, too.

Only consider this stock if you have spare cash and the stomach to handle a near obliteration of the share price if it fails. But this is only one tenement...