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Tamerlane Ventures Inc. V.TAM



TSXV:TAM - Post by User

Bullboard Posts
Post by LoserLoserLoseron Jun 04, 2010 5:09am
522 Views
Post# 17157727

Tam Share Price

Tam Share PriceA bit surprised about Tams share price lately. Sitting at 0.135 resistance and steady downtrend. Interesting is when share price stabilzes because i remember that Tam was at 0.06 when Zinc price was at 0.5. us/lb. Now  we have 0.8 us/lb. I dont think Zinc prices will go down to previous lows at 0.5 us/lb because production at this price will be uneconomical and will push price higher as it was in 2009. Mines will simply shut down. In addition this is not the crisis as we experienced in commodity crash in 2008. But anyway Zinc price shows weakness and very soon should stabilize between 0.7-0.8 us/lb.
Bullboard Posts