Look , we know Muttley zone has gold, shame its >2 years till it can be mined. What i really prefer is the sound of the cash register ticking.... and for those that don't understand, it is C.ash, cash, moolah. I like the sight of cash flow on a balance sheet, mining dirt, processing dirt and selling the gold and putting money into the company bank account. Call me old fashioned.
TAM has NEVER generated one single cent of positive cash (thats after all the expenses) from mining its Coyotte mine yet. All that has been mined are the shareholders.
What i also like in small companies is management being open, honest and paying themselves an appropriate amount of $ for performance. Show us cash costs, operating statistics, dont keep trying to wow with "visible gold" 200m below the ground in narrow drill holes.
Ok, enough of the soapbox. Lets take a look at today's results.
0.8 metres at 252.85g/t lets call it 252.9g, why go to two decimal points of precision?????? Its 224.5 metres below surface. DEEP.
0.5 metres at 60.4g/t again it s DEEP.
WHEN is the next reserve resource statement due???
Will there be a meaningful increase in the average gold grade that can be mined? or has the grade been over estimated????
Disclosure: No shares held, no plan to buy now. Never investment advice, only observations, do your own research, ALWAYS.
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