TAM 1.27% 7.8¢ tanami gold nl

any, page-2

  1. LSM
    1,251 Posts.
    -60,000oz a year production at under $300AU/oz
    -10yrs of mine life from current resource
    -Increased resource/reserves in 05?
    -Massive land tenement. This is more likely a hindrance than a plus. To cover 65,000kM squared is a massive task. A major find may take years and that’s only if there is anything there to find in the first place. The success of Callie is what sparks the interest
    -No sovereign risk.
    -Major shareholder registry. Top 20 accounting 60%+.
    -TAM major holding of JML, looks like a good buy for the TAM team. Possible T.O?

    The valuation looks fair to me at this point in the game. BFS should be out very soon so it will be interesting to see TAM go to the bank for money or do another issue. Honestly I would be pssd-off if it were the latter. They already just did an issue for $17M. I don’t hold but am keeping a close eye. I will probably join in after the BFS if the bank foots the bill. The cash flow from Coyote project will fund exploration for the next 10yrs so further dilution should not occur. Not a bad shoot for the future if you’re willing to put them in the bottom draw and walk away. No quick returns here.
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7.9¢ 7.9¢ 7.4¢ $1.933K 25.37K

Buyers (Bids)

No. Vol. Price($)
1 15000 7.7¢

Sellers (Offers)

Price($) Vol. No.
7.8¢ 1170 1
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