I think it's too early to start ringing alarms bells.Tamaya has...

I think it's too early to start ringing alarms bells.

Tamaya has released a string of genuinely positive announcements in 2008 with little share price appreciation or market recognition. The quarterly read negatively due to higher C1 costs, but this is old news and a temporary phenomenon associated with the ramp-up of operations.

“Project 3000 is schedule to be completed in the March 2008 quarter, with commissioning of the first mill started at the end of the December quarter. The target production rate of 3,000 tonnes milled per day appears to be capable of being reached with the installation of the second mill No:10 with potential mill throughput on commissioning of mill No:11 in excess of 3000 tonnes per day.”

How many small caps have Tamaya's exploration potential and expanding production profile, not to mention a US45M debt facility and US50M worth of convertible bonds at their disposal?

It never ceases to amaze me how a company with such sound fundamentals can be treated with such disdain. Patience required.