RE:RE:RE:RE:RE:RE:New Board Member - possibility of M&A?Thanks carinthian also for some insight.... Thus far, I think TGM is holding up well at this $0.25 - $0.26 range while others struggle.....
carinthian wrote:
If I get the FS right then they should have something around 150mio CAD NPV @5% with 1063$ gold all royalties and streams considered and - as far as I understand - post tax..
This should be the number without North Kao which should bring the mine life to 11 years and might add another 100mio CAD of NPV to this which would be @1250$ (US) gold. As the mining would take place in years 9, 10 and 11 I assume maybe $1250 might be a reasonable price who knows.
So 100mio CAD market cap is par for the course in this price environment for gold and the state of the junior market.
Mid Tier Producers - and those are the only ones I would consider a possible buyers with a production of around 80k ounces production counting to the company - are fighting to survive so they won't be able to buy this thing and doing an all share transaction sucks.
So when they can show that they can make money in this environment, fund north Kao, make some more discoveries there might be some movement. Let gold go to 1250 and stay there for some time then you might see the CAD 1 on the shareprice again...
Guess the "success" although it does not feel that way is that the company held up quite nicely being closer to the 52 week high and not the 52 week low.
So I think when we see how much of the opex reduction will show up in the margins there might be some movement as well.
If they mess up... well... think this is self explaining...
Just my personal thoughts. DYODD
carinthian