This summary is on the TMR website.
TAMAYA RESOURCES (TMR)
RECOMMENDATION
@ $0.22 ST: BUY LT: OUTPERFORM
GM
KEY POINTS:
o Copper production in Chile increasing to 1mtpa (12-14kt Cu per annum).
o Achieved 86.2% acceptance of IBR takeover.
o Unhedged copper and gold exposure.
YE Dec2008 F2009 F2010FAdj NPAT ($M) 35.2, 54.2, 45.1PE (X) 5.4,3.5, 4.2Yield (%)0.00.00.0Franking NANANA
Price Target ($ps) $0.38
Tamaya Resources (TMR) recently closed it’s offer for Iberian Resources (IBR), achieving 86.2% acceptance;
Currently expanding it’s copper operations in Chile, with production increasing to over 12ktpa in 2008;
Through IBR, the Company hopes to be producing gold at a rate of 100kozpa at the Lichkvaz project within the next two years;
Base valuation of US$0.25ps (A$0.30 at AUD $0.82);
High probability for resource and mine life extensions;
Upside valuation for the group of US$0.51ps (A$0.62) excluding any additional copper production;
Potential dual-listing and capital management initiatives in 2007. Forecast PE of 3.5 for 09.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.924M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $8.396K | 2.099M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 13415585 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1386286 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 13415585 | 0.003 |
7 | 8350101 | 0.002 |
7 | 35800102 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1386286 | 3 |
0.005 | 3364570 | 5 |
0.006 | 3107015 | 7 |
0.007 | 1545736 | 3 |
0.008 | 2000000 | 1 |
Last trade - 10.11am 30/05/2024 (20 minute delay) ? |
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