RE:RE:Where are we?
Ts9222
My apologies for not responding to your post sooner - Thank you for your reply.
From my post
“This investor believes Teranga is in the `Production Stage’ and yet I must conclude the Company is still in the `Discovery and Development Stages’ as well.”
Your response (Post# 24580519)
Discovery and Development Stage is ZERO oz. 200k oz PRODUCTION and there is still doubt if tgz is in production stage?
All producing miners also have to do discovery or run out.
Regarding the statement I made in my post, (shown above, in bold type) I did a poor job of sharing my thoughts and understanding of Teranga’s present and future position. I will attempt to clarify and simplify my thoughts on what I failed to convey in my post.
1 - This investor believes Teranga is in the `Production Stage’
What I should have said is, “This investor believes Teranga is in the `Positive Production Stage’; by that I mean, present and future production should result in positive, bottom line numbers.”
2 - I must conclude the Company is still in the `Discovery and Development Stages’ as well.
What I should have said is, “Management has stressed the importance of Discovery and Development that result in the increase of Reserve Assets, “Therefore, - I must conclude the Company is still in the `Discovery and Development Stages’ as well – In other words, management is concentrating on the need to add to their Reserve Assets and hopefully we will see the results of their efforts in Q1 or Q2 Reports.
As we all know the definition of growth for a mining company is, Adding to tangible assets,,, Reserves are tangible assets.