TAM 0.00% 2.8¢ tanami gold nl

obviously factoring in a possible takeover offer, page-4

  1. 723 Posts.
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    Why would TAM shareholders want a takeover. The CTP has 2.7m ozs of gold (refer to NST 17 Sept 2015 announcement). TAM has 40% ownership of that. At current gold price that is worth $AUD756m. That's 64.c per share spread out over mine life.

    And gold price is going up.

    And that ignores possible other gold deposits in the tenements.
 
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