Guys,
Why so negative on this tTAM thread.
1.TAM are currently drilling underground exploration holes to increase reserves and have hit paydirt in the first two holes and probably in the 3rd and 4th which should be complete by now at 3 to 4 days per hole.
2.Assays on the first two holes should be available in a week or 2 to confirm very good grades ( visible gold)
3.Underground holes very cheap cf surface based holes.
4.Production still ramping up.
5.Plant paid for.
6. ABUcommence exploration on TAM NT leases in October is my guess.
7.TAM to commence exploration on regional leases in WA this month.
8.coyote mine is getting richer with depth and is still only at approx 250m below surface.
9.Thenearby Callie mine in similar geology is at 1 ,.
000m below surface and has produced 20 million ozs to date.
10. Gold price predicted to approach 2000 USD next year as the world realises the USA and others have to pay back the stimulus money and interest rates and inflation start to soar.
If we are not looking at a 10-15 cent share price by Xmas 2009 I will be very surprised indeed
DYOR,but IMO this is a laydown misaire
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