TMBXF...
posted on
Jun 29, 2015 10:27AM
Combining Classic Mineral Exploration with State of the Art Technology
...takes another tumble this morning. At present, the price is 1.48 cents, off about 25 percent from the previous closing price. While I think it may do better as the day progresses, it was only a few days ago when it closed at 3.0 cents (intraday, I believe it hit 3.5 cents).
Then, it was only several weeks ago when it was 0.0075 cents, yet there has been no significant news, at least not in my opinion. The only change has been the aquisition of a small project outside of their normal operating area which my yield .08 ounces of gold per ton, or about 96 dollars, a value quite well below the average cost of production, raising questions of feasibility.
I'm not ragging on TMBXF - I want them to succeed -, merely pointing out once again that these low priced exploration mining stocks can be quite volatile, and may experience very sharp swings in value seemingly without reason.
This can make for good trading opportunities among those what have the funds and can stomach the risks.
http://finance.yahoo.com/echarts?s=TMBXF+Interactive#{%22range%22:%22ytd%22,%22allowChartStacking%22:true}
BTW, at the moment, the capitalization of TMBXF is 1.86 million. LBSR is 2.01 million, meaning LBSR has recaptured the lead in compartive values, where LBSR has been since it's founding. Again, these issues are volatile, subject to further changes.
...for what it's worth.
VP