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.
- Forums
- ASX - By Stock
- TMR
- shaws a summary tmr valuation
shaws a summary tmr valuation
Featured News
Add TMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.924M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $4.083K | 1.020M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2099075 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3615446 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2099075 | 0.004 |
20 | 13423252 | 0.003 |
8 | 10350101 | 0.002 |
7 | 35800102 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3615446 | 7 |
0.006 | 3008015 | 6 |
0.007 | 1545736 | 3 |
0.008 | 2000000 | 1 |
0.009 | 511140 | 1 |
Last trade - 11.56am 29/05/2024 (20 minute delay) ? |
Featured News
TMR (ASX) Chart |