Company presentation - Three drilling programs back to back
This morning our micro cap exploration Investment TechGen Metals (ASX: TG1) released a new investor presentation.
The presentation laid out what looks like a busy second half of the year full of drilling for TG1.
TG1 outlined its plan to drill THREE of its projects over the next five months, starting with:
- NSW (Jackadgery) - Drilling for gold.
- Ashburton Basin, WA (Mt Boggola) - Drilling for copper, gold and silver.
- Ashburton Basin, WA (Station Creek) - Drilling for copper, gold and silver
What's especially interesting is that TG1 is drilling three projects, testing high priority targets that have NEVER been drilled before.
With a market cap of just $6.1M, ~$2M in cash (as of 31 May 2022), TG1 is trading with a tiny enterprise value of just $4.1M.
If TG1 makes a new discovery at any of the three upcoming drilling programs, we think its tiny EV leaves the company with plenty of room to re-rate off the back of drilling success.
To check out the updated investor presentation, click here. Alternatively, click on the image below:
