TAM would have to be tempted to keep the 40% interest in the CTP - their share of production starting in 2017 would be 60,000 ounces per annum at maybe a margin of $5oo/oz over cash costs or $30mil surplus per annum for at least six years and they must have substantial tax losses to offset these profits.
Today's market cap of $35mil looks cheap as they are now debt free and should remain so as NST are liable for all costs until production starts - so there should be no further share dilution either.
TAM would have to be tempted to keep the 40% interest in the CTP...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
