.Yes,Centenario sounds like it offers enormous potential.
Chatting with fellow shareholders regarding current profit potential,TARM cannot make the huge numbers when base metals were higher.However,most suggest a profit of near $1 million a month.Now if we just round figure $12 million a year,against a M/C of 40 times 30cents million.= $12 million.Now that forecast PE is LOW.
It is not hard to see TARM at $1 a share in 2009.
One of my TARM friends suggested I am conservative and he is likely right.
Let us agree,a rerating may not be too far away.
Now TARM at say $1 would make for TRGD at somewhere over 25 cents.
(Oh,I do not expect production guidelines to be meet instantly,fine tuning and minor teething problems are normal.Could take a few months more to pull a million a month-but at least it is in the crosshairs.
Triple me up Scotty.
Of course,as Happy points out,
Good strong TARM cashflow gives our CEO money.real,not from a JV money.Money to start initial production at Centenario.Now 2 open pit mines making money-that starts to sound 'interesting.'
We have been through the mill last 18 months,true.But one thing,one positive thing stands out above all.Rich and Ramario buy superb properties-as shown by the number of JVs we have had.Properties bought on a shoestring.
So I ask,what could out team find/buy,if TARM was sitting on $10 million in cash?
I am not saying,hit TARM/TRGD hard,I bought too many 2 years ago.But I am saying,a moderate stake in TARM,or its parent,TRGD,does seriously have big long term potential.
AI
