TAM 3.45% 3.0¢ tanami gold nl

Ann: Appointment of Acting CEO , page-16

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  1. 2,252 Posts.
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    HREE
    I have not "capitulated"-in fact I have recently purchased another 50 k

    On the ground where you have your ear closer to the ground than me I think you will find drilling has terminated at Groundrush.
    The steady stream of confimation that there is lots of gold there that team knows how to locate will therefore be interuppted.
    Yes there will be a resource upgrade, but I think the market has factorred this in.

    Coyote results and Kavanagh in particular as you point out will demonstrate as much still in the ground as has been taken out.However I dont think this is a game changer unless they can demonstrate that it can be mined very profitably.
    I think it gives some confirmation as to how under explored this region is
    We might get some serious action when the drills get to where the Coyote fault intersects the Kavanagh lodes but this is speculative and some time off.(Perhaps you can enlighten me as to when you think becuase your judgment/insight is better than mine.)

    Agree wholeheartedly that asset price inflation is inevitable.The benefits in real terms are not nearly as good as they apper in nominal terms though.
    Agree the ounces we have inthe ground are exceptionally cheap, but this doesnt change the short term outlook.

    I bought mine for when I reach 65 so putting them in the drawer for a while will not hurt me.
 
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