Post by
odzie on Oct 22, 2010 10:01am
TAM,s value
Is one news announcement away from breaking free from this stupid low value of 25 million dollars or so. The market seems to be waiting and everyone seems to think that the current share price with zinc now at 1.14 is too cheap but is still not sure about financing. People. There are no new drill results or permits or studies left to wait for here. It is simply a matter of announcing financing and production schedules and when that announcement comes and it looks like it is getting closer with markets improving greatly it will be far too late to get in cheap anymore if it isn,t allready. The fact that there are pure explorers out there worth far more than TAM speaks volumes about how undervalued a fully permitted deposit with billions worth in resources waiting for a phone call about financing truly is these days. When that phone call comes, and it looks like it will and when the momentum crowd jumps in .25 will be and 25 million in value will be seen for what they are. A joke. CHIMO>
Comment by
loparn on Oct 22, 2010 10:51am
Yes, today TAM has reached its highest price since last winter, so maybe the market is beginning to wake up - Tamelane from the long sleep.