Alluvial Gold ComparisonsHere is two companies listed on the Venture Echange and into Alluvial mining:
Superior Mining (SUI) has alluvial gold plays in both New Zealand and South Africa
which it is trying to develop.
SUI has 36 million shares outstanding and trades at .44 cents
Sacre-Coeur Minerals (SCM) has an alluvial property in Guyana which started producing
in December 2009. It has about 37 million shares outstanding and trades for .92 cents
Gold Letter International just recently put out a Special Situation "BUY" recommendation
on SUI suggesting a target of $ 1.50.
The comparison between SCM and TRS are striking. The terminology used may be different
but the end result will be similar. For instance SCM has a refinery on their premises, TRS has
a Gold Room. SCM is attempting to produce 1000 cu metres of alluvial per day whereas TRS
describes production from its plant on an hourly rate.
The stockhouse "Bullboard" predictions for production of SCM range from 20,000 ounzes per
annum to 50,000/60,000 at a cash cost of around $200. US per ounze. Although TRS has more
shares outstanding than SCM and also has a joint venture partner in Ghana, I certainly
believe TRS shares could be in the .40 to .50 cents range by the end of 2010.