Market's view on Tertiary Minerals
Published on April 2024
- There is interest in the core tray with three cores at Kinkola West JV shown in a copyrighted image by Kobold, highlighting Patrick Cheetham, CEO of Tertiary Minerals, and Zambian partners at the site.
- Concerns are raised about Tertiary Minerals’ market cap being significantly lower compared to the Kobold JV on one of the Zambian licenses, suggesting potential undervaluation.
- Detailed discussions about the geological settings at Konkola West, with references to the Roan formation indicating potential copper mineralisation at specified depths.
- There is anticipation and speculation around the first drill results from Konkola West, questioning if copper has been struck in the Lower Roan formation at 150m depth.
- The recent visit of Mr Cheetham to the Lubambe Mine Camp in Zambia is noted, adding personal engagement and oversight to the ongoing drilling projects.
- Comparisons are drawn between the current excitement around drilling projects and historical big drills like those by SolGold, suggesting high expectations from current drilling activities by Kobold.
- There is a strong focus on core samples and drilling data to assess and predict the potential mineralisation and outcomes of the drilling projects.
- The strategic significance of Tertiary Minerals’ other licenses in Zambia, like Mupula and Mukai, are discussed, indicating potential for further exploration successes in these areas.
- Concerns are expressed about the lack of detailed public data on previous drills by private consortiums like Kobold, making it difficult to benchmark and evaluate new drilling prospects accurately.
- Observations are made about the competitive landscape in Zambian mining, noting the proximity and relationships between various major mining projects and licenses.