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Tamerlane Ventures Inc. V.TAM



TSXV:TAM - Post by User

Bullboard Posts
Comment by mat_hogon Oct 30, 2008 10:03am
303 Views
Post# 15555583

RE: Back and Nibbling

RE: Back and NibblingI was not smart enough to get out, so have been cost averaging down.  An investment of  1.5% of my original investment lowered my cost basis by 13%.  My bet is Zinc and Lead will be back, and Tam is in good position to wait this out as they just completed an equity raise, and CMM was supposed to repay the loan (if not Tam will get machinery very cheap that CMM put up for collateral).  They have the draft water permit waiting on MLVWB final approval and then to the minister, they should have final water permit by mid Dec IMO.  One of the few times in my life where red tape in the permitting process may have saved this company, as waiting out low prices is much easier with no debt unlike SRZ or BN or many others.  There is one other thing that may help with Tam is the fact they now own Los Pinos, a copper play with historical resources but not 43-101 compliant, but could be used to keep Tam going if Zinc stays low for more than a year, or could be used to help finance Pine Point if Zinc prices return to .85 within 6 months.  All Just my opinion, still way in the red with my investment in Tam, so take what I say for what it is worth. GLTA  
Bullboard Posts