I've seen some chatter comparing TMX and TAR so I've summarised it below:
- Both currently drilling TMX in safe old West Australia and TAR in Mali
- Historic grades of TMX 3m at 36g/t vs TAR 3m at 7.6g/t
- Both having good share price runs
- Both have similar shares on issue i.e. ~350M so at current prices TMX 0.6c (mkt cap = $1.7M) vs TAR 1.1c (mkt cap = $3.9M)
- Both have similar cash holdings however TMX is less than half the EV of TAR
I'm new to TAR but happy with my TMX holding which is comparatively very cheap. Feel free to add some comments.
TAR Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
TMX Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
