RE:RE:RE:RE:Any idea why TMMNot so much disgruntled, but definitely fearful. I have a poor track record with gold shares, so take that into perspective. For a risky play it's hard to beat TGD, but I'm trying to move away from risk with so much POG uncertainty in the near-term. Longer term, it's hard to see anything but upside to gold in US dollar terms.
I like Klondex because they have so much new low risk production coming on line in months, not years and no real need for additional capital raising. I think by next year they will be a 300+ GEO producer with a very reasonable AISC, not the best AISC out there, but the growth in production makes up for that. They are also in the absolute best jurisdictions, with basically zero risk, especially under a Trump administration. Guerrero, Mexico is of course much more risky and there are other very significant hurdles remaining to get to production. You never know when a fatal flaw can arise even at this somewhat advanced stage. Other factors can arrise which can drastically alter the project's economics up or down, but usually down in my experiene. Lastly there is the financing, which has started out with a discouragingly unfavorable bought deal. The deal looks a little less unfavorable now that gold price has come down, but the price was set when gold was significantly higher. I would have preferred debt financing at a decent rate as a better vote of confidence in the project. I don't like dilution.
All that said, I still think the upside for TGD is worth the risk for many people, just not me, not now. I still have 30k shares of TGD in a couple of accounts that have been beaten up so bad that I had pretty much written them off anyway. I figure a long-shot potential 5 or 10 bagger is appropriate there. GLTA!