Got a mail from Ross Burns!Questions from me:
Greetings,
Since I have not received any reply when contacting Brent Jones by e-mail, I instead turn to you for some much needed information about Tamerlane. Things are now starting to look slightly better for metals and for the Tamerlane share. However, before investing I really need to know some critical facts in order to better understand the current levels of risk in the company.
1. What is the current financial and liquidity situation i Tamerlane Ventures, and for how long can the company survive under unchanged conditions?
2. Is there a real chance of Tamerlane going bankrupt due to lack of funds, in your honest opinion? If not, why not?
3. Why is there no Q4 report on the website, or anywhere else that I know of? (This is quite worrying to me, since without recent financial numbers there is not much to base an investment decision on.)
4. It seems that the water permit decision has been delayed. Do you know the reason for this delay from the authorities?
Kind regards,
XXXXXX
Answer from Ross Burns:
XXXXXX,
We have all greeted the increase in lead and zinc prices with a sigh of relief and the stock has certainly responded to the increase in metal prices. The price of the stock is still way below what it should be in a normal market as Pine Point is a very advanced property with a completed feasibility. A number of mines, that are currently shut down, will probably have to come back on stream before we can finance the new mine. On the other hand we have abundant exploration targets that were drilled off by Pine Point Mines Ltd. and we can target these known deposits and bring them into a current 43-101 status.
Our 4th quarter financials will be presented in our annual report for Tamerlane and will be out at the end of April. Tamerlane has a very small burn rate at present and we have kept the company quiescent to preserve our resources. I do not believe there is any chance of TAM going bankrupt as expenditures have been minimized.
We do not know of any reason for the delay in the water permit and we have not received any negative comments from government. Currently we have no immediate need for the permit but we will need to have it for financing purposes.
Tamerlane has both lead-zinc and copper and these commodities are rising now and I believe the prognosis of the market is that they will continue to rise. Tamerlane is one of the more advanced projects in the industry and I believe that it will fare well in the coming financial turn-around.
Ross F. Burns
President & CEO
Tamerlane Ventures Inc.