RE: Revenge of TMMRun indeed....We are a lot more than a $CAD 304M MC company where we ended at today.
We should of hit the bottom for the year and have the next 43-101 update scheduled for January which should add some signifcant ounces at La Chicharra.
We have three big catalysts going for TMM that will help dramatically for TMM vs. peers if we can finally get our beloved gold shares to rally:
1) 43-101 update (Jan NR, March 43-101 on SEDAR)
2) Hitting 130k Oz produced run rate. We need to lay 10.8k oz/month on the leach pads to hit this
3) We are severaly depressed in price
FYI - just so you don't get your hopes up, we are not going to recognize revenue on 130k Oz, but more like 100k Oz in 2012 if we hit the 130k produced run rate. I'm 95% certain they are referring to Oz laid on leach pads when the 130k figiure is disclosed. As we have a longer leach cycle now due to the cyanide optimization work these ounces laid will be tied up in the leach cycle so 2013 would be first year that 130k oz of gold could be sold, thus recognizing revenue on 130k once we hit the steady state.
We need more institutions to get TMM back up in $400M MC or $2.90 SP+ level...they will start buying organically due to the factors mentioned above if we get a general gold shares rally. JAG is gone (disappointing anyways) so there are just not that many undervalued producing juniors out there of TMM quality. Hold tight.