While the Groundrush project may prove to be a winner, to me there are many unknowns. DrWatson has already stated some of the problems. It seems to be a bit risky play. TAM will now no longer be debt free or there will be some dilution, depending on financing. Production costs are high as seen in current quarterly and will probably be the same with the new project. I would have preferred TAM to start on all those other areas, circa Coyote that they have being banging on about for a looooong time, increase cash reserves, without taking on such a large project so soon after having all those problems in the past. Consolidation was needed IMO
TAM Price at posting:
5.0¢ Sentiment: ST Sell Disclosure: Not Held
