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.
- Forums
- ASX - By Stock
- TAM
- huge volumes
huge volumes , page-3
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAM (ASX) to my watchlist
|
|||||
Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.42M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 18408 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.031 |
2 | 348000 | 0.030 |
5 | 509484 | 0.029 |
3 | 350000 | 0.028 |
3 | 700000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 18408 | 1 |
0.034 | 88000 | 1 |
0.035 | 11720 | 1 |
0.036 | 253758 | 2 |
0.037 | 80000 | 1 |
Last trade - 16.12pm 11/09/2024 (20 minute delay) ? |
Featured News
TAM (ASX) Chart |
Day chart unavailable