If I spend $20,000 and buy 500,000 shares for 4 cents and I sell them for 4.4 cents 10 minutes later, my profit is a quick $2,000 for 10 minutes work. If I sell them at 5 cents, my profit is a quick $5,000 for a few hours work.
Now regarding a "Major" acquiring a "Minor" gold project like TAM in the middle of nowhere, I personally doubt that would happen in the near term.
TAM has a 116,000 ounce or 2 year mining inventory.
Their resource is 429,000 ounces in total, however all of that would not be economic.
Compare to AVO which is targeting FY2010 gold production targeting +190,000 oz at A$452/oz cash cost.
AVO have a resource base of 1,500,000 ouces targeting 2,000,000 ounces.
Yet the AVO market cap is $450M yet you are following the advice of someone stating the TAM market cap will be $700M by Xmas although TAM has only quarter of the resource and can only dream of A$452/oz cash cost.
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.90M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.8¢ | $985 | 35.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 258302 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 187334 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 258302 | 0.027 |
1 | 300000 | 0.025 |
1 | 25000 | 0.022 |
1 | 142857 | 0.021 |
1 | 1000000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 187334 | 1 |
0.030 | 200500 | 2 |
0.031 | 171698 | 2 |
0.032 | 143646 | 1 |
0.034 | 1100549 | 3 |
Last trade - 12.00pm 06/08/2024 (20 minute delay) ? |
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TAM (ASX) Chart |