think tank, page-29

Just looking at TAM's last ann:

Quarterly production shows: 13,229 tonnes @ 7.9g/t for 3,337oz gold, from U/G mining.

Open pit : 1,378 tons @ 2.7g/t for 117oz gold.

Recovery is 98.8% with an average sale price of A$ 1,436.

Kavanagh has 122,000 tonnes @ 25.2g/t for 100,000oz and yet operation is in care and maintenance, appears that all in costs of production are too high. According to Commsec 2012 historical financials, TAM has book value of 0.26 cents and NTA of 0.30 cents per share. Current SP is ~0.056 cents. With TAM's current MC of ~32.9 million and given the figures above, you would have to think it's a big target for someone. Their gold processing plant etc. would have to be worth that alone?

According to the ann they held ~78 million shares in ABM at that time, I wonder how many they hold now given the cash on hand at the time vs. their expected expenditure for the current quarter?

The ann also mentions there has been some interest expressed in a JV by several groups, given the proximity of ABU and TAM's tenement's, anyone think that ABU may be one of those parties interested. There was a possibility/talk of possible toll treatment of some of our ore at one point.

Bit slow today, so just figured I would throw this in just to see what other posters think. May get some interesting points of view.