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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
Post by Pezo_Plakaon Nov 19, 2009 11:22pm
670 Views
Post# 16506365

Stock has all the right things going..

Stock has all the right things going..except the fact their official resource base at this moment is only about 600k ounces
for a mine life of 6 years.  I have no doubt that this resource will expand with future drilling but the big valuations will
come when that hits CPQ style number of 3-5 million or so ounces (if possible).

Then you will have an operating mine, maybe expanded, a stable country, low cost ($400oz), and lots of new ore to process.. then you are looking at your $3-$4 like the last poster indicated.  How long to drill and prove up the ounces.. that's your time frame...

Drill gentlemen Drill..

New shareholder as of yesterday but been following for a little before that.  Good luck.

P.Plaka
Bullboard Posts