RE: TMM on BNNWelcome to the TMM board. The company has been flying under the radar thus there hasn't been a lot of chat on this board. But, that has begun to change the last few days as more investors are waking up to this story.
Below is some info for you. Also, feel free to contact Investor Relations as they are very knowledgeable and always willing to discuss the company and its prospects.
Canaccord recently valued gold exploration companies, based on In Situ standard, at $95 oz. Based on Timmins Gold’s current resource the share price value is about $1.25, a 62% increase from current levels. This only includes the current San Francisco property resource (NI 43-101) of 716K ozs. It does not include resource potential from the Tequila property or the Las Coloradas property, both which have blue sky potential.
Based on Jay Taylor's comments on BNN yesterday he thinks the share price could increase by 4-6 times within a year - which gives a potential share price of about $3-$4.
Peter Grandich put out his report on TMM earlier this week. I encourage you to read it as he does a superb job of summarizing the company and its potential.
Here is the link to the full report followed by a few highlights,
https://www.grandich.com/docs/GL_10-20-07_tmm.pdf
"TIMMINS GOLD CORP –
Appears Ready For Center Stage
For proof, one need only consider the company’s remarkable growth and achievements since its initial public offering in 2006.
• Completed the acquisition of 100% of the San Francisco Mine, a past-producing, open-pit heap-leach operation in the state of Sonora in May, 2007.
• Conducted drilling programs to support a NI 43-101 compliant resource for the San Francisco property, as announced in early 2007.
• Commissioned Micon International Ltd. to prepare a pre-feasibility study for the San Francisco Mine by the fourth quarter of 2007 as part of a broader strategy to restore the mine to production in 2008.
• Assembled a team of 11 geologists in Mexico, based in a head office in Hermosillo, Sonora, and a regional office in Guadalajara, Jalisco and a field office in Magdalena, Sonora.
• Signed an option agreement to acquire 100% of Las Coloradas, a past-producing mine situated in a prolific epithermal gold-silver district in Durango state, near the border with the state of Sinaloa.
• Signed an option agreement to acquire 100% of the Tequila Property, which covers several high-grade veins and breccia-hosted, bulktonnage gold targets within 564 hectares of favorable geology in Jalisco state.
• Completed an initial sampling program on the Tequila Property and announced assays as high as 662.40 grams per tonne of gold across 2.5 meters and 14.01 grams per tonne of gold across 10 meters.
These accomplishments reflect the vision and drive of an entrepreneurial management team that includes professionals with Mexican mining industry experience.
Bottomline –
Timmins Gold has 53.91 million shares issued and outstanding (65.42 million shares fully diluted) and trades on the TSX Venture Exchange under the trading symbol TMM. With $4.0 million in its treasury, a large land position and one of the strongest exploration and mine-development teams in Mexico, the Company is strongly positioned for another exciting phase of growth and achievement."