RE: Why, in heavan's name, would weCapstone is a very good project. It is bigger than TM base metal project and contains significant amounts of copper/lead/zinc/silver. They are processing 1000tpd and increasing to 2200tpd by end of 2007. I own it and think it's undervalued. The company has done what I consider a very conservative cashflow in one of their presentations. Slides 14 & 15 give that info.
https://capstonemining.com/inSitePresent/
Another excellent project that I hope is a pattern for TM is EXN.v.
They are already profitable with .05eps in Q1 ending 10/31/06. Their ore is similar to TM. They use subcontractors for the mine. They are priced at C$1.23. The only downside is they have a lot of shares out, 158million fully diluted. Here is their latest qtrly report from 12/06.
https://www.stockhouse.com/news/news.asp?newsid=4852275&tick=EXN
If they can continue to produce profits and in fact increase efficiency at the mill, they should be at a very modest p/e of 6 or less going forward. If their next report for Q2 ending 1/31/07 is similar or better, we should get a double. Bobwins