Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Teras Resources Inc V.TRA

Alternate Symbol(s):  TRARF

Teras Resources Inc. is a Canada-based mineral exploration company. The Company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California. Its projects include Cahuilla Project, Corral Canyon, Gold Point, Superstition Mountain, Sunny Slope, and Watseca Mill. Its main project is the Cahuilla project, located in Imperial County, California. The Sunny Slope gold mine consists of approximately 16 unpatented claims, which is located in Mineral County, Nevada. The Gold Point property consists of eight unpatented claims, which is located in Sierra County, California. The Corral Canyon Gold Project consists of two unpatented claims and is located in Churchill County, Nevada. The Superstition Mountain Gold Property consists of six unpatented claims, which is located in Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, which includes a mill site and 13 patented mining claims.


TSXV:TRA - Post by User

Bullboard Posts
Comment by thomsonion Dec 27, 2011 12:54pm
199 Views
Post# 19352797

RE: RE: RE: 9.1m of 10.3 g/t and 1.5m of 28.6 g/t

RE: RE: RE: 9.1m of 10.3 g/t and 1.5m of 28.6 g/t

Hi Roger

I've been holding Teras for quite a while now----and am patiently waiting on the drilling results.

My impression of the deposit is that its a large relatively low grade gold deposity (fairly consistent grades by the looks of it) with some added zing due to high grade veins. I think the thickness and continuity of the high grade zones will be the key in upgrading the overall oz potential of the deposit. Certainly the combination of low and high grade open pittable zones will be of interest to the more major gold miners.

With the very aggressive drilling program now underway---the plan may be to market the deposit/company---probably by spring-summer  2012 (contingent upon receiving all assays and updating the reserve report)

(my theory anyway)

I don't think this company is followed too much as it is based in Calgary, (as opposed to Vancouver or Toronto)...Management  just seem focused on getting the job done as soon as possible--putting most dollars raised to work "in the ground"...I've had prior investments in companies that raise money and it seemed  the sole purpose was to pay salaries after the fact. I like the fact that our management is putting most of the money in the ground with the intent of increasing the value of the company for its shareholders.

The speculative "story" remains intact as far as I'm concerned and I have built up a fairly substantial position with hopes of perhaps a 4-8 bagger in the next year of so. I think the next reserve update may assist in further refining the upside potential based on a NPV type evaluation.

Cheers and Seasons Greetings...

thomsoni

Bullboard Posts