RE: RE: PP Again!!!
With zinc hitting a new All Year High of USD 1.16 today it is logical that the interest in Tamerlane is growing.
The company obviously expects the relatively (small) PP to close quickly and the purpose of the money is of the positive type, i.e. no filling of of empty holes this time but rather drilling new ones and thus possibly increasing the reserves !
The current metal prices corresponds to a Net Cash Flow of USD 290 million if you extrapolate the figures from the latest presentation. The relatively small 3 % increase from 2:1 weighted average USD 1.09/lb results in a 15 % increase in cash flow from 255 to around 290 million.
Thus the Tamerlane Pine Point cash flow leverage to metal prices is around a factor 5 !