TAM 1.56% 6.3¢ tanami gold nl

massive costs

  1. 713 Posts.
    September Q production Report to shareholders.

    TAM mined 49,829 tonnes of ore at estimated grade of 3.5g/t gold. The average grade into the gold plant in September is said to be 3.85g/t gold.

    The plant treated 62,020 tonnes at av grade of 3.27g/t for recovery of 92.8% producing 6,051 ounces of gold.

    They do not state the cash operating costs of the gold plant. But looking at the Appendix 5B we can make some estimates.

    Sold $3.848m of gold.

    Costs.....
    Spent $1.15m on exploration
    Spent $790,000 on development
    spent $10.73m on production
    spend $619,000 on admin.

    If we assume the production cost is $10.73m then we divide by the number of ounces.... gives $1,777/oz of gold as a cash operating cost.

    If we include the exploration, development and admin in this number then the total cash operating cost per ounce is actually $2,198 per fine ounce.

    Cash at end of quarter is $6.037m and they say they have unsold gold of $1.35m.

    TAM say that estimated cash outflow for next quarter is $8.5m

    Means they need a placement or debt / hedging right now.

    Ready for it?

    Observation and my interpretation, never ever a recommendation. Always do your own research before investing.

 
watchlist Created with Sketch. Add TAM (ASX) to my watchlist
(20min delay)
Last
6.3¢
Change
-0.001(1.56%)
Mkt cap ! $75.20M
Open High Low Value Volume
6.4¢ 6.4¢ 6.1¢ $27.33K 435.0K

Buyers (Bids)

No. Vol. Price($)
3 226452 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.3¢ 34243 1
View Market Depth
Last trade - 15.53pm 22/09/2020 (20 minute delay) ?
(live)
Last
6.3¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
6.2¢ 6.3¢ 6.2¢ 59760
Last updated 15.53pm 22/09/2020 (live) ?
TAM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.