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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Comment by zzthnxon Nov 03, 2009 6:47pm
386 Views
Post# 16449751

RE: costs

RE: costs"cost base is about $400 ounce and the POG is nearing $1,100 or $700/ounce profit.
Let's say 80K production or near $560M per year profit...."

Hey Goldtoe, you're off by a "0". It would actually be $56 million profit. But, I'd say we're still ridiculously cheap at .90 a share. At a P/E of only 10, which is extremely conservative, TMM's market cap would be around $560 mil. At a fully diluted share capitalization of 140 million, that would equate to about $4 a share.

Cheers and good luck guys. Looks like we've got a winner here!
Bullboard Posts