CMM Success (Spills over on TAM)Century Mining has been one huge success story for the last year, today the stock hit 0.70 CAD after having bottomed out at 0.01-0.02 in 2009 (Would love to hear how Crucible401 is gonna translate THAT development into "management sucks"). CMM management bought more stock close to the bottom and they are now becoming increasingly wealthy. As CMM starts pouring gold and generating reliable cash flow, the financial risk in TAM is also greatly reduced since the companies are so closely related. IMO, we should no doubt see some positive spill-over effects on TAM along the way.
Also, the TAM story is so much more tangible when you know management has actually succeeded in pulling off what should become a successful operation in CMM. Money attracts money, and my point is that the success of CMM could in many ways contribute to a positive spiral of events for Tamerlane as well. Tam is down to close to 0.2 CAD now, which is just an amazing bargain given fundamentals such as metal prices and the stronger economy. (For example, China copper imports double month on month and Todays US new home sales data was through the roof with the biggest increase since 1963).