$21,000,000+ from new Au,Ag,Pb,ZN props? Hmm.Here's an interesting thought:
2 base metal props...$900+ / t.
With a mill nearby...if it can handle 100 tpd...
5 truckloads @ 20 t each = 100 tpd.
100 tpd x 900 = $90,000 gross...$60k net? (correct me on any of these #'s)
$60,000/day x 350 days? = $21,000,000 net...to Tara.
If TRGD keeps 100% (with FREE $'s about to pour in which can be used to fund this development...
)
That would add a nice $21MM / ~82MM = 25.6 cents per share profit...
On only 35,000 short tons.
Hmmm.... Can you say Cash Cow? (Very easy to add more props to the 9 already owned/JV'd with that kind of profitable cash flow!)
Now what would TRGD be worth with that added to the ~13.5 cents expected next year at a EPS multiple of ??...
Even if its JV'd and TRGD gets 50% Free... EPS are doubled from current expectations!
Happy Thanksgiving!
"NO DILUTION, EVER"
Palladn
p.s. We should be seeing those newsletter writeups beginning any day from the last Euro Tour...
Tara Gold Acquires High Grade Zinc, Lead Silver Property in Mexico
CHICAGO, November 16, 2006 (MARKETWIRE) – (Other OTC: TRGD.PK and Frankfurt: T8N) Tara Gold Resources Corp. is pleased to announce that it has signed a definitive option agreement to acquire a 100% interest in the Don Ramon and Lourdes mineral concessions, hereafter referred to as Don Ramon and Lourdes Groupings, located 20 km ESE of Choix, Sinaloa State, Mexico.
The Don Ramon and Lourdes Groupings will be placed into Tara Minerals Corp, Tara Gold's 100% owned subsidiary. Don Ramon and Lourdes Groupings is comprised of 309 hectares and lies within the same general area as the Pilar De Mocoribo Groupings, an extensive area of hydrothermal alteration that hosts numerous base and precious metal occurrences along the western part of the Northern Sierra Madre Gold Belt. The property lies 15 km SW of the historically prolific La Reforma Pb-Zn-Ag District that is now the focus of concerted exploration by Peñoles.
Mr. Francis Biscan Jr., President of Tara Gold Resources stated, "Because of the close proximity to Pilar De Mocoribo Groupings, we are now assessing several options to aggressively advance both projects simultaneously."
Tara Minerals Corp has received preliminary information on the property including results from previous sampling programs in 1998-1999.
The Company will conduct a follow-up sampling program and a more detailed property evaluation in late November. Preliminary evaluation indicates that the property lies within a larger area that hosts numerous and very-high grade Pb-Zn-Ag Carbonate (Limestone) Hosted Deposits.
Twenty six (26) samples were collected and analyzed. The results returned an average for all samples collected of 5.23% Pb, 16.74% Zn, and 492g Ag. At present spot metal prices, a tonne of ore has a gross value of $956/t. Complete assay results for all these samples were as follows:
SNIP