TAM 3.45% 3.0¢ tanami gold nl

Ann: Drilling continues to expand the Groundrush , page-15

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  1. 2,352 Posts.
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    re: Ann: Drilling continues to expand the Gro... scorpion75,
    Yes TAM continue to bleed cash and will continue to do so till years end when Old Pirate ore from ABU is providing mill feed for Tanami West processing plant.
    I would expect another substantial capital raising between now and the end of the year as they will need at least $20 million to get the Central Tanami treatment plant up and running.TAM's sp has a long way to go down yet before we see some significant increase in SP.Good luck to all you will need deep pockets over the next 6 months IMHO.
 
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