See last announcement.
Margins on production around 37% I think on average, but at current copper price $4/lb they would be higher.
For 08/09 IMO margins will increase due higher grade, higher throughput, and hopefully stronger for longer copper prices.
The market is being brutal on all small miners...it does not care
I did a post on valuing TMR and came up with 25c which makes current share price laughable.
the shareholder base is 7,500 and i would say half of this lot have no idea what TMR does or has or what it is worth. They placed bets on a code which has gone badly for them and now want out at any price as the sky is falling in and we are all ruined!
TMR is at risk of takeover in my book.
See last announcement.Margins on production around 37% I think...
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0.4¢ |
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Mkt cap ! $4.124M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.903K | 725.6K |
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| No. | Vol. | Price($) |
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| 3 | 1621658 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5698707 | 11 |
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| TMR (ASX) Chart |