RE: TAM - bought more at 1.32-1.36My calculation stipulates a further stock dilution to from around 41 to 70 million shares, as you could see in the analyses. I think that is a fair assumption or pessimistic.
The "small" difference in 2007 and 2009 price targets is just the consequence of my risk-adjusted interest rate of 25 % a year, which I also think is reasonable. If the market is too cautious then the 2007 target of CAD 3.54 will be harder to reach, but it doesn´t mstter that much in the longer run, if the 2009 target will be reached anyhow.
Anyhow TAM is very undervalued now.