RE: Where is loparn?
Anyone who has been reading my posts should have understood that I focus on the NPV of the Pine Point project and with current metal prices as an indication. Since zinc &lead prices has fallen some 10-15 % the last few months and there is also a huge leverage to those prices, the circumstances are not as good now as before.
However if metal prices have bottomed already and will turn up some10 % or more, TAM is extremely cheap now.
I think it is difficult now to predict where metal prices are going the next few months.
If Tamerlane still succeeds in financing the project there will be a private placement with an associated stock dilution that depends on the share price, so it is important with higher metal prices even in the shorter term since they tend to affect the share price sharply in a positive direction.
So if you believe in much higher metal prices until financing, then TAM should be a strong buy now, and if the financing succeeds there will probably anyhow at least be a short but considerable stock race