TARM ready for new highs!When we have a pricetarget of $5 for TARM at the end of this year it is not strange that people wants to come in cheap now.
Copied this translation from the TRGD board: (which is a translation of some of the content in the german article).
"A friend of mine familiar with German picked up these tidbits from the German article:
An underground drill program beyond
the Don Roman layers should be carried out in 2010 and
result in a NI 43-101 resource [statement].
For this a constant flow of concentrate is first necessary.
Tara Minerals is predicted by
the company to reach an output of 240 tons by the end of January, 360 tons by the end of
February and up to 450 tons at the latest by the end of the 2nd Quarter. Yet necessary investments
will be obtained completely out of the cash flow.
The Picacho project belongs to Taras
100% subsidiary Adit Resources
Corp. This year the public offering of Adit is planned and should be about $7 million USD, in order to fund further exploration, improve the facility, and make payments that will come due.
Also, the published guess at fair share price for TARM for the next 4 years(2010-2013)was given as follows:
"Fairer Kurs bei KGV 10 in USD 4,80 5,44 6,20 6,20"
No guarantees of course, but if that were to materialize, that would be a gain of 152% from the present $1.90.
TRGD, assuming no shares are sold, would then be worth about $1.95 which would be about 425%?!!!
What think ye all?"