I believe that there were warnings about this company a long long time ago, and not April this year as discussed.
I don't get any pleasure about discussing this, but I did bring it to peoples attention for quite some time.
I think a big concern now, besides everyting that has been said, or not said is that TAM say that they will mine these high grade zones at narrower widths, but still similar to the grades (13+ g/t) they have discussed. Surely this would mean lower tonnage and thus lower reserves and resources. Thats something TAM hasn't mentioned - what impact mining these narrower widths will have on their ore reserves/resources?
Another thing that I am puzzled with. They have a hungry mill and have recently sumplemented low grade feed into it to keep it going. Then why try to high grade the deposit now when there could be a lower mineralised envelope around these high grades that they probably won't treat. It just doesn't make sense when they have to truck and mine low grade material 40 kms from Bald Hill, when they are probably throwing away the low grade around these high grade zones that they are trying to selectively mine.
Nothing makes sense anymore. What are the reserves and resources now? C'mon TAM please tell us. C'mon directors why are you getting paid so much and delivering nothing?
TAM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
