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3.33%

2.9¢ tanami gold nl

Ann: Quarterly Activities & Cashflow Report, page-16

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6,330 Posts.

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14/03/23

06:49

Post #: 66745689
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Originally posted by nospamplease: ↑

The Groundrush pit is likely high strip ratio, so high capital but marginal return. It could be competing for the same material as the underground. Continuing the pit mining would delay or interfere with setting up a sustainable underground. For a 3D view or the deposit do a search for inventum3d and Groundrush. From the wording the scoping study appears to tell them pit makes the threshold as a resource but not for mining.

What could be contributing to the EV discount? Could it be a is a lack of progress on the project, same board for the last ~10 years most affiliated with the major shareholder, a risk the financing of future development is externally funded by the major shareholder, a JV partner that forgets to mention the project and any announcements, or the location doesn't help? Note the 5% royalty in the cost assumptions ~$140/oz. Resources are getting smaller in spite of the gold price being much higher than when they were last updated.

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Thanks Mate, Appreciate the reply.

Gold surging here, AUD Gold hitting new all time highs. At 5-6m EV i think the market will send eventually buy. Near 38m cash+ NST shares.

I agree the board has done nothing, need new blood. Nevertheless, buying here, hard to go wrong.

TAM Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $34.07M

Open	High	Low	Value	Volume
3.0¢	3.1¢	2.9¢	$24.17K	811.2K

Buyers (Bids)

No.	Vol.	Price($)
5	514117	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	40809	1

View Market Depth

No.	Vol.	Price($)
5	514117	0.029
4	425000	0.028
5	1650000	0.027
2	699560	0.025
0	0	0.000

Price($)	Vol.	No.
0.030	40809	1
0.032	267094	1
0.033	200000	1
0.034	577177	2
0.035	491178	2

Last trade - 16.10pm 06/11/2024 (20 minute delay)

TAM (ASX) Chart