Cash holding has dropped to $2.669m from $21.069m at start of the quarter. That is an enormous burn rate.
TAM also has unsold gold of $3.82m at end of the quarter for a total of $6.5m in liquid funds. The Quarterly report says no high grade underground ore will be available to be processed until the December 2008 Quarter.
Production: 56,065 tonnes of ore treated at av grade of 3.37g/t gold pouring 5,799 fine ounces.
No costs quoted, so lets flip to Appendix 5B. Cash flows related to operating activities. Direct production expenses plus admin total $10.374m. Divide by 5,799 ounces is $1,789/oz direct cash costs. Add in exploration, development pushes the total costs to $15.19m. Divide that by 5,799 ounces and it works out at $2,620/oz.
This looks a very difficult situation to me, or maybe my math is bad?
- Forums
- ASX - By Stock
- oh my goodness
Cash holding has dropped to $2.669m from $21.069m at start of...
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAM (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.60M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.9¢ | $49.29K | 1.687M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 539189 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 202723 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 12.05pm 04/12/2024 (20 minute delay) ? |
Featured News
TAM (ASX) Chart |