Lootie , I have to agree with you.It is better to underestimate the potential of TARM [ThusTRGD ,as well} and have pleasant surprises as they reach full production. That is why my original posting said my numbers are so high I would NOT post them and others should do their own DD re expectations.
I just used the info from the reported German interview with MR Biscan where he used the 8 million dollar a month number.
Today, Canaccord had this item in their comments"Seeking Alpha reported yesterday that total silver withdrawn from
inventory on October 30 at the COMEX depositories was a massive 3,627,012
ounces. More than two thirds of that amount, 2,585,384 ounces came off the
Registered Side of the equation. The blog highlighted that since the end of
July 2009, the Total Registered amount of silver (that which is held by
depositories to directly offset futures) has fallen by 10 million ounces.
The October 30 drawdown was one of the largest ever seen and would indicate
that some of the players are in agreement with the thought that if you
don't have silver in hand, you don't have silver. The inventory level at
the Comex depositories for the end of October showed 113,681,260 ounces
(Registered silver was 52,695,755 and Eligible silver totaled 60,985,505),
the lowest level of stocks since 2006. Of interest, the Midas Letter in a
section of a report titled: "Market Dilution via Endemic Corruption and
Fraud", recently highlighted, "It seems that there may be also problems in
the silver ETFs. Zero Hedge analyzed SLVs bar list and found that during
their research into the inventory lists of the iShares (SLV) and London-
based ETFS physical silver funds, there were discovered multiple anomalies
which cannot be easily dismissed. These included the presence of internal
duplicates, rough internal duplicates, weight duplicates, statistical
clustering, and cross-reference duplicates (Zero Hedge). Jason Hommel
estimates silver paper derivatives dwarf physical bullion by around 100-1."
This shows that there is a HUGE gap between physical silver and tjhe mounts allegedly held by ETFs and other derivatives. Very bullish for Tara Gold's Militis {sic] property which I have often mentioned. Another reason to question the current pricing of Tara Gold.
Also the numbers used by Mr Biscan were based on Gold at $ 800.00/oz. Of course how long gold can hold its present prices is limited and would try and mute any projections for that reason..
Bottom line -I believe the present share prices of both Tarm and TRGD are vastly under estimating true value but only time, assays and actual revenue numbers will make what is a true value.
The point I believe you are trying to make
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