Personally, I would not touch TAM with a barge pole. The only wealth you appear to be concerned about is your own.
Davo and I agreed on another thread - it may run to 6 cents, that my full valued call was too conservative.
PE ratio of 10 for a speccie penny stock is too conservative. But over 15 is too much and getting heady.
Regarding Tectona, I do not influence the market. Whilst you may play with your gambling chips on Hot Copper, the professionals use fundamental analysis or the methodology I used. Anyone is the know understands the TAM valuation is starting to get too lofty.
3.5 billion shares on issue. At 4 cents, the market cap is $140M. At 8 cents a share, the market cap becomes $280M. At Davo's 20 cents a share, the market cap becomes $700M.
It is impossible for TAM, who cannot even turn a profit, who can only produce 40,000 to 60,000 oz per year, to have a market capitalisation of $700M.
At current levels, TAM is for trading & gambling experts only.
Please do not get to starry eyed.
TAM Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
