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Tamerlane Ventures Inc. V.TAM



TSXV:TAM - Post by User

Bullboard Posts
Comment by vlieton May 17, 2008 10:28am
320 Views
Post# 15084678

RE: The news was NEWS

RE: The news was NEWSSeriously where do you people come from.  The news WAS good news.  Was it earth shaking news NO.  The thing of it was this stock traded up to $1.18 before the original deadline for the ministers approval.  The stock then fell back when the approval didn't come on concern there might be a problem.  The fact that there was no problem and everything is proceeding is always good news for a junior mining company operating in the North.  Many companies fight bureaucratic red tape for years and years and some never do get approval.  To say the papers where accepted and that is all is a definite understatement.  To say there was no chance the minister would give his approval gives way to much credit to politicians.  IMO the biggest hurdles have been cleared.  To say this stock today with the ministers approval is not a better investment than it was a week ago without the approval makes no sense.  The land and water permits will go through - they are much less of an issue than the environmental process.  The new BFS should be more than sufficient to get the funding they need.  Remember the costs of this project is low because the infrastructure is largely in place (rail line etc.).  What I don't get is how undervalued this company is relative to it's peers.  It's peers don't have funding in place either.  It's peers don't have the ministers approval.  It's peers don't have close by infrastructure.  It's peers don't have the full support of the First Nations.  Explain to me how Selkirk has a higher Market Cap.  Lundin Mining paid $125MM for 49% of a Russian deposit (Ozernoye) nearly identical in size and grade to Pine Point.  Making TAM a comparible valuation would be 4X present market cap yet the Ozernoye deposit doesn't have permitting or FS or close infrastructure or a politically safe environment.  So can anyone explain then why we are so low.  You say we shouldn't move up on the news.  Well what is holding us back then?  I keep trying to answer that question and one by one the potential answers such as permitting dissappear.  If this stock was at $2.00 right now it would still be an incredible value play.
Bullboard Posts