Great summary from another board
posted on
Mar 05, 2008 04:03PM
(Edit this Message from the "Fast Facts" Section)
Posted by Challenger.... today.
Reasons to buy and hold TTQ.
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1) The TTQ longs who have contributed so much to this board but some left because of the crap that goes on here. They are still around but barely post here anymore as they have found a better home than Stockhouse who allows this daily crap to go on. TTQ is not a scam or one hole wonder. They have a NI43-101 and will continue to prove up this massive moly deposit. Go back and search the posts by BBOB72, Sandy9, and a few others to see the DD that was put into TTQ. After reading their posts, the newbies and doubters should be able to look past both the pumpers and bashers on this board and realize TTQ is for real.
2) TTQ has over 20 Billion dollars of Moly (655 Million lbs so far) in the ground and this is just the beginning. Most of the resource estimated here is located between surface and a depth of 500 meters. The deposit is open to depth. To date the drilling on the CHU Project has outlined mineralization extending over 1.7 Kilometers in length, over 700 meters in depth, and 300 meters wide. The deposit remains open in all directions. TTM has completed over 21,000 meters of core drilling program with numerous long intercepts of ore grade molybdenum including drill hole 19 which delivered 504.4 meters of .109% Mo. Assay results are indicating that the deposit would have a low stripping ratio as the mineralization extends to near surface.
3) TTQ has 2 other zones in the area which are not even drilled yet.
4) Deep drill results will be out very soon which could bring this Moly deposit towards the 1 Billion lbs of Moly mark.
5) TTQ has 3 options... sell, JV, or go alone. They can easily get between $3 - $5 but I think they won't sell for less than $6 at this point in time.
6) TTQ has 16 Million in the bank which is plenty of money to continue drilling. No immediate dilution necessary.
7) A third drill is ready to go.
8) Sprott has a good size investment in TTQ.
9) TTQ did not go back to the $1 range after the last news release. The NI43-101 is tangible and provides the proof that the Moly is there. Things are different this time.
10) Insiders are buying http://www.canadianinsider.com/coReport/allTransactions.php?ticker=ttq
11) The Symetric Triangle which is very bullish has formed and we are breaking out. TTQ's share price will continue to head higher.
12) The 50 DMA just crossed the 200 DMA which is another bullish technical indicator.
13) Barchart.com has an opinion as a 100% Buy on TTQ. This is a 100% Buy for short term, medium term, and long term. How many times have you seen that on a stock?
14) TTQ could become the world's largest Moly deposit with success in further deep drill results and the other 2 zones.
15) TCM has recently mentioned that they are considering purchasing other properties. See the March 4/08 Financial post article.
"Responding to a question about the potential for additional reserves at its 75%-owned Endako project in B.C, Mr. Collison said the company is beginning to look beyond the existing property."
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/03/04/pdac-special-attention-for-moly-tungsten-and-cobalt.aspx
16) TTQ is no longer a spec play but is now a resource play. This is the real thing.
17) TTQ is only 75km away from TCM's Endako mine with one of the few roasters in North America.
18) The word on TTQ is just getting out... PDAC, Newspapers, BNN, etc.
19) TTQ reports drill results in MO and not MoS2. MO is higher. Make sure you are aware of this if comparing TTQ to other companies.
.1% Mo has 1kg Moly per tonne
.1% MoS2 has .6kg Moly per tonne
20) I'm sure there are other things I have missed. As the heading says, "how quickly we forget" but I will always remember TTQ as being one of my best investments.