TAM 0.00% 2.8¢ tanami gold nl

If I spend $20,000 and buy 500,000 shares for 4 cents and I sell...

  1. 9,286 Posts.
    If I spend $20,000 and buy 500,000 shares for 4 cents and I sell them for 4.4 cents 10 minutes later, my profit is a quick $2,000 for 10 minutes work. If I sell them at 5 cents, my profit is a quick $5,000 for a few hours work.

    Now regarding a "Major" acquiring a "Minor" gold project like TAM in the middle of nowhere, I personally doubt that would happen in the near term.

    TAM has a 116,000 ounce or 2 year mining inventory.

    Their resource is 429,000 ounces in total, however all of that would not be economic.

    Compare to AVO which is targeting FY2010 gold production targeting +190,000 oz at A$452/oz cash cost.

    AVO have a resource base of 1,500,000 ouces targeting 2,000,000 ounces.

    Yet the AVO market cap is $450M yet you are following the advice of someone stating the TAM market cap will be $700M by Xmas although TAM has only quarter of the resource and can only dream of A$452/oz cash cost.

 
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Last
2.8¢
Change
0.000(0.00%)
Mkt cap ! $37.60M
Open High Low Value Volume
2.8¢ 2.8¢ 2.8¢ $39.53K 1.411M

Buyers (Bids)

No. Vol. Price($)
1 123133 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 500000 1
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Last trade - 15.35pm 29/11/2024 (20 minute delay) ?
TAM (ASX) Chart
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