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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 Dec 06, 2009 9:23am
309 Views
Post# 16558303

RE: RE: RE: RE: KITCO CHART -SAME THING

RE: RE: RE: RE: KITCO CHART -SAME THINGHey gettin, here's how I come up with TMM being able to double or triple from these levels:

80,000 * $700 = $56 million
140 mil. shares fully diluted
56 / 140 = .40 cents a share earnings
multiple of 10 = $4.00

and this doesn't award any value for all of their exploration properties.

Cheers, zz
Bullboard Posts