A contrarian value thesis on a pre-revenue Mongolian coal seam gas developer Date: June 2026 · Price reference: ~A$0.12–0.165 (see note below) · Style: Deep value / contrarian, catalyst-driven The one-line thesis TMK trades at roughly a quarter of its probability-weighted fair value because the market is still pricing it as a coin-flip exploration story — while the operational data over the past 12 months has quietly moved it to an ~89% probability of commercial success. The gap between price and de-risked reality is the opportunity.Read more