Tanami Gold NL (TAM)

Currency in AUD
0.100
-0.005(-4.76%)
Closed·

TAM Comments

The 50% takeover announced today was clearly a poorly guarded secret... breach of listing rules?
upside target; 40c
No chatter online about TAM... At some point they will re-open for production and have a 50% ownership stake in mineral resources estimated at 2.6m ounces of gold worth AUD11.87 Billion. Market cap 37m is a massive discount... if you can wait.
A comservative upside target is 60 cents for a 20x gain. Sounds crazy, but that is what it would be worth the way i value mines and mining revenue. All we need is an announcement that they will start extracting the AUD12B worth of estimated gold reserves.
now 2.6Moz is worth AUD13.467 billion… not a bad increase in just over two months!
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