Turmalina Metals Corp V.TBX

Alternate Symbol(s): TBXXF

Turmalina Metals Corp. is a Canada-based mineral resource company. The Company is engaged in the business of acquiring and exploring mineral resource properties in South America. The Company’s principal property is the San Francisco Project, located in San Juan Province, Argentina, which is comprised of various properties and option agreements. San Francisco Project includes El Tapau, Cerro Negro, Don David, and Santa Barbara. In addition, the Company has an option agreement to acquire a 100% interest in the Chanape Project, located in Peru. The San Francisco project is located in the Calingasta Department in the west-central San Juan Province of Argentina, approximately 130 km northwest from the capital of San Juan. The Chanape Project is located in the western flank of the Western Occidental of Central Peru. The Chanape Project consists of 20 contiguous mining concessions covering a total of 676.99 hectares. Its subsidiaries include Aurora Mining S.A and Aurora Copper Peru S.A.C.

TSXV:TBX - Post by User

Turmalina Metals Corp

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Comment by SuneeDazeon Aug 29, 2020 3:03pm

109 Views

Post# 31475527

RE:RE:RE:things are great

SuneeDaze wrote: cyber,

They will not have anything "proven"...definitely not reserves. To have proven reserves, you have to physically see it...in other words be mining it. I think you need mean "resources", and they're no where near in a position to calculated a resorce after 13 holes. Companies drill several dozen holes, if not 100s of holes, before they're in a confident postion to estimate a resource.

There's a number of Mexican and Nevada silver plays that were allocated valuations between $100 - $200 million based on one or two holes that had 1-2 m intersections of 1000+ AgEq. TBX's valuation by comparison, given its recent and past intersections is undervalued.

I think you MEAN resources....

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