Don''t tell anyone!! I hope we go to $.50Don't tell anyone!!! Wow! PLEASE! Give me your shares Please! Pretty Please!
I watch this board daily and wonder how people like to throw away an amazing amount of money. Here's a brief summary I cut and pasted off of Tamerlane's webpage.
The historic Pine Point Mine was the largest and most profitable zinc-lead mine in Canadian history. Located on the south side of the Great Slave Lake 129 kilometers (80 miles) south of Yellowknife and 80 kilometers (50 miles) east of Hay River, the historic Pine Point Mine extracted over 64,259,570 tonnes of ore at a grade of 7.0% zinc and 3.1% lead between 1964 and 1987.
Tamerlane controls a total of 175 km2, including both the historic Pine Point Mine property as well as a contiguous property to the west originally explored by Westmin Resources (Westmin). The property includes a large unmined resource left behind following the Pine Point Mine’s closure in 1987, as well as historical exploration work conducted by the mine’s previous operators. The property contains 35 known potentially mineable deposits. The R190 deposit is the initial focus of Tamerlane’s Pine Point Project.
The Pine Point Project will first mine the R190 deposit. The deposit has reserves of 1,000,027 tonnes at a grade of 11.16% zinc and 5.49% lead and will be mined utilizing a freeze perimeter and other proven technologies for underground mining operations. Tamerlane will then use the infrastructure to access a series of nearby deposits that have been upgraded to the indicated resource category. Tamerlane's indicated resources currently total 10.9 million tonnes at a grade of 4.69% zinc and 2.43% lead.
Let's compare another Zinc/Lead producer(I know) ADA Acadian Mining Corp. Gays River Scozinc Mine has Proven and Probable reserves of 4,590,000 tonnes at 3.6% Zn and 1.7% Pb and Inferred reserves of 1,800,000 tonnes at 3.1% Zn and 1.1% Pb. By the way they just started production so they are ~ 1-1.5 years ahead of us. And it is an open pit but a large strip ratio(expensive). ADA has 139,138,222 share yes 132 million!!! TAM has how many Cali? 40,622,578 shares according to the TSX website. Yes! ONLY!!!! 40 million. ADA's market capitalization is $128 million and TAM's is what $35 million.
And don't come back at me that they have gold projects with ore reserve of almost 1 million INFERRED ounce because it will be really difficult for them to ever get this. So if we use what ADA is worth $139 million divided by how many shares TAM has outstanding 40 million I get $3.47 per share. And I haven't even thrown in Los Pinos.
AND by the way, Acadian's management think they should conservatively be worth $2.37 a share.
Be sarcastic if you want, call people names, but sell your shares to me PLEASE!! Have fun selling!!!