Ground rush/ripcord BFS is due very soon. It should be positive with a big NPV which will dwarf the current market cap of TAM however it is at least 3 years away from production and will take at least $100M capital. It will get even better with other open cut oxide ore so that is why exploration must continue to add satellite tonnage as GR is dolerite hosted so its hard to crush/process.
Kavanagh is 100% doable based on the 100K oz resource and grades today. These will definitely grow once the decline is in.
If the announcement approves Kavanagh and suspends Coyote operations, then this will be a clear buying opportunity.
Ann: Trading Halt , page-10
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.60M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $40.13K | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1052557 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 500000 | 1 |
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| Last trade - 12.13pm 28/11/2024 (20 minute delay) ? |
| TAM (ASX) Chart |
