At least TAM is rising on a falling market. I've taken the opportunity to switch some funds from ABU into TAM while the TAM price was down. Even though I have faith in ABU's future, I think that gold is going to hit the big time over the next 12 - 18 months, and the producers will benefit much more than the explorers.
I noticed recently, that Allied Hong Kong, which is the biggest shareholder in TAM, also has quite a big holding in EUG, which in turn has a holding in TAM.
production estimate, page-11
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