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3.57%

2.9¢ tanami gold nl

From the recent annual report: Ordinary Shares: 1,175,097,046 ...

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Pbnewby

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16/01/19

15:27

Post #: 37133608
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Originally posted by Desert Dweller: ↑

TAM have 175 billion shares. Looking at their quarterly they have $28M in bank plus the 750,000 NST shares (~$7M). So this gives them a 3 cent SP without looking at the CTP Project.

CTP Project (TAM 60% \NST 40% JV)

Yep it has the 1M ounce Groundrush (a good start), but NST need to find a new deposit to make the project work (or buy one).

New discovery - generally takes several years (on a good day) to find something - NST need more time

Buy one - Prodigy Gold have the Supplejack deposit ~20km north of Groundrush. Independent Resource update in 2018........ ripe for the picking..... Allied Properties\APAC own big chunk of Prodigy & TAM and Brett Smith is on APAC \ Prodigy and now TAM boards.....

Aurther Dew, big hitter from Allied ( basically runs it) now Chairman of TAM.... since Nov 2018.

So million dollar question, what value do you put on the 40% of CTP as it stands ? anything similar to compare with ?

$30m - 5.5 cents SP
$50M - 7 cent SP (NST paid $40M for their 40%)
$100M - 12 cent SP
$200M - 20 cent

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From the recent annual report:

Ordinary Shares: 1,175,097,046 Options: Nil

Does this change your calc @Desert Dweller?

Last edited by Pbnewby: 16/01/19

TAM Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 2.9¢		Change 0.001(3.57%)		Mkt cap ! $37.60M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.9¢	$3.148K	108.5K

Buyers (Bids)

No.	Vol.	Price($)
2	607826	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	205507	2

View Market Depth

No.	Vol.	Price($)
1	321404	0.040
2	202907	0.039
1	33000	0.036
1	50000	0.033
1	20000	0.032

Price($)	Vol.	No.
0.041	706406	1
0.044	23577	1
0.045	24750	1
0.046	215109	1
0.047	198000	3

Last trade - 15.13pm 22/11/2024 (20 minute delay)

TAM (ASX) Chart