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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Comment by BobMabenaon Nov 10, 2017 10:50am
179 Views
Post# 26939444

RE:Another day, another 52 week low

RE:Another day, another 52 week lowThey have a 200-250K annual ounce mine with costs under control,  loads of cash and producing a lot more.   We are well beyond the point where a major like edv must be looking at them seriously.  The cost of building a new mine is more than the value of the asset.   Edv produces 4 times the gold output but is valued at roughly 8 times, edv does have some really nice assets so it's probably not a fair 1-1 comparison.   The current price is madness and my guess is a significant fund or shareholder is moving stock.   
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