if you have run this from 1 cent or so, time to think about taking your profits and moving on
TAM has 3,538,390,059 shares on issue
TAM is aiming for 50,000 ounces per annum
TAM has a 250k tpa plant which at 8g/t can produce 60,000 ounces per year or 35,000 ounces per at 4.6 g/t
Current gold price is AUS$1,100 per oz. If costs are $650 per oz then at a $450 margin, if TAM meets its goals, NPAT per annum will be 0.4 cents EPS
Current TAM share price is 4.1 cents or trading on a PE ratio of 10 (i.e, if can ever meet its goals and make a profit).
TAM is now fully valued based on fundamentals
It is time a sell (in my opinion).
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